Austrian energy company OMV has announced it was ready to resume developing the Cheshmeh Khosh oilfield in western Iran.
Austrian President Heinz Fischer arrived in Tehran on Monday at the head of leading business delegates to review potential trade relations with the Islamic republic
A return to oil production in Libya gave a welcome boost to OMV AG's first-half earnings, but the effects of the North African country's civil war are still being felt, the Austrian oil company said Wednesday.
Germany's Wintershall and OMV of Austria have teamed up with Abu Dhabi National Oil Company (Adnoc) to sink appraisal wells at a sour gas play in UAE.
Increased output from Libya, recovering from the turmoil of civil unrest, helped Austria's OMV boost production slightly in the first quarter, the company said in a trading statement released on Tuesday.
OMV, the leading energy Group in Central and Southeastern Europe, informs about a drilling success in its operated Bina Bawi block in the Kurdistan Region of Iraq.