OMV CEO says 2010 production target hard
Thursday, October 1, 2009
Oil and gas group OMV (OMVV.VI: Quote, Profile, Research, Stock Buzz) is sticking to its 2010 production target but it could be difficult to meet because of weakness in gas demand in Romania and OPEC quotas, its chief executive said on this Monday. Vienna-based OMV, one of the biggest energy companies in emerging Europe, hopes to produce 350,000 barrels of oil equivalent per day next year."We have also always added that this will be difficult to achieve because we are affected by the ...