Austrian OMV to keep production plan in the Arctic

The downturn in the oil price has not any impact on the Arctic projects of OMV AG. The company is about to start field development in the Barents Sea, Bloomberg reports.

-If you have 1 billion barrels of qualitative oil either in the Barents Sea or Norwegian sector of the North Sea, you are to develop it, the managing director of the Norwegian subdivision of OMV B.Krainer said.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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