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OMV warns on Libya, Yemen as profit hit by oil slump
2015-05-19 11:41:31| Oil & Gas - Topix.net
Austrian energy group OMV said on May 18 it was unlikely to resume production in war-torn Libya or Yemen before winter, after headline profit fell by half as low oil prices weighed on its upstream business. It also said overcapacity in Europe would drive an improved refining margin down again.
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Category:Energy and Environment
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