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FINANCIAL NEWS
OMV to remain in Libya
10 Oct 2013
(MENAFN) OMV, Austrian oil and gas company, stated that it wil;l remain operating in Libya regardless of the turmoil that cause many companies to leav the country, The Peninsula Qatar reported.
The company’s chief executive said: “We have been active in Libya for many years and we see ourselves being active in Libya also in the future.”
He said that the country’s production fell to less than one percent of its capacity due to strikes and militias blocking fields and export terminals.
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