OMV Q4 results overshadowed by Libya output woe

摘要

London-The release of Austrian company OMV's fourth-quarter results February 23 was overshadowed by the continuing unrest in Libya-OMV's main focus in North Africa- and its shares plunged further as it faces the real prospect of a total production halt in the country. The company has started to reduce output, which had been running at around 33,000 b/d of oil equivalent, and OMV warned a total shutdown was expected and Twould impact on its 2011 output volumes as a whole.