Austrian oil and gas company OMV (OMV.VI) said Tuesday that its clean net income--adjusted for changes in stock levels--fell nearly 14% in the first quarter mainly due to political instability at its Libyan operations.
Clean current cost of supply net income was 302 million euros ($415.6 million), down from EUR349 million in the year-earlier quarter. First-quarter sales declined around 8.8% to EUR9.83 billion.
Outages in Libya due to the security situation continue to weigh on overall production, even as new production from OMV's Gullfaks asset in Norway came fully on stream. The company said output in Libya, which makes up less than 10% of the company's total production, has been shut from mid-March.
OMV has been diversifying into northern Europe, Romania and other parts of the world and said it would continue its cooperation with Gazprom, despite growing pressure for tougher sanctions on Russia.
For the full year, OMV said output would be between 310,000 and 330,000 barrels of oil equivalent per day, depending on the resumption of production in Libya.
Clean current cost of supply net income was 302 million euros ($415.6 million), down from EUR349 million in the year-earlier quarter. First-quarter sales declined around 8.8% to EUR9.83 billion.
Outages in Libya due to the security situation continue to weigh on overall production, even as new production from OMV's Gullfaks asset in Norway came fully on stream. The company said output in Libya, which makes up less than 10% of the company's total production, has been shut from mid-March.
OMV has been diversifying into northern Europe, Romania and other parts of the world and said it would continue its cooperation with Gazprom, despite growing pressure for tougher sanctions on Russia.
For the full year, OMV said output would be between 310,000 and 330,000 barrels of oil equivalent per day, depending on the resumption of production in Libya.
ليست هناك تعليقات:
إرسال تعليق