Austrian OMV mulls expanding oil exploration in Libya

Austrian OMV mulls expanding oil exploration in Libya

December 12, 2022 - 16:07
Posted in:
Written By: AbdulkaderAssad

Austrian oil company "OMV" said it wanted to expand exploration in Libya and train the sector's caders, the National Oil Corporation (NOC) said.

According to the statement on Sunday, a member of the Board of Directors for Exploration at the NOC, Khalifa Abdul-Sadiq, discussed with the General Manager of OMV and his accompanying delegation, the company's activity in Libya, as they welcomed the resumption of exploration and development activity.

OMV is an integrated international oil and gas company, headquartered in Vienna, whose main line of work is oil and gas exploration and production, natural gas distribution and power generation, refining and marketing petroleum products.

Last Monday, the Government of National Unity lifted the state of force majeure on exploration operations, calling on international oil companies that signed contracts with the NOC to resume their work in Libya, and pledged to provide the necessary support in this regard, while the vice president of the French company Total welcomed the decision in a meeting with Prime Minister Abdul Hamid Dbeibah.