London-The new CEO of Austria’s OMV, Rainer Seele, has confirmed the company’s interest in moving into the Russian upstream in his first comments since taking up the post, amid difficulties in Libya, Romania and Yemen. Seele, who previously headed Germany’s Wintershall, a sizable investor in Russia, took over at OMV on July 1 after the unexpected resignations in October of his predecessor Gerhard Roiss and upstream head Jaap Huijskes. The upheaval came after OMV was forced to slash its upstream production goals because of unrest in Yemen and Libya-the latter is also the traditional crude source for OMV’s Burghausen refinery-and as operations in Romania continued to perform sluggishly.
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