Yemen Output Boost Sought Despite Turmoil

摘要

With nearly all of Yemen’s producing fields in decline, Austria’s OMV is hoping to follow the path of France’s Total by raising output from its producing block in the country. However, Yemen’s ongoing political upheaval and deteriorating security situation appear to be holding up those plans. The Austrian firm intends to double its output from Yemen’s Block S2, OMV’s country manager said on Wednesday, according to the state Saba news agency. In a meeting with Yemen’s new Prime Minister Mohammed Basindwa, OMV’s Norbert Groeschner pointed to his company’s intention to “double production capacity,” according to Saba.