Austrian oil and gas company OMV AG (OMV.VI) saw its hydrocarbon production fall on the year due to flooding in Austria, technical problems in Kazakhstan and security problems and strikes in Libya, the company said Wednesday in its second-quarter trading statement.
Austrian oil and gas company OMV AG (OMV.VI) saw its hydrocarbon
production fall on the year due to flooding in
Austria
,
technical problems in
Kazakhstan
and
security problems and strikes in
Libya
, the
company said Wednesday in its second-quarter trading statement.
On the year, hydrocarbon production decreased 1.7% to 297 thousand barrels of
oil equivalent per day. The company added that higher quantities in
Romania
and
New
Zealand
partially helped to offset
the decreases elsewhere. It added that a higher U.S. dollar against the euro
had a positive effect on the company's second-quarter results, but couldn't
fully offset the effect of decreasing oil prices.
OMV's indicator refining margin decreased to $2.48 per barrel from $3.01 per
barrel in the corresponding quarter a year ago. OMV attributed the decrease to
weaker middle distillates and naphtha spreads as well as tightened Urals
differential.
OMV booked a net special charge of 55 million euros ($72.6 million) in the
second quarter due to the writedown of assets related to the Nabucco West
pipeline project.
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