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33

Austrian oil company OMV wants to leave Russia

OMV, Central Europe’s biggest oil company, said Thursday that it was in talks to sell exploration assets in Russia as it focuses on the Caspian region and the Middle East.

 

 

OMV, Central Europe’s biggest oil company, said Thursday that it was in talks to sell exploration assets in Russia as it focuses on the Caspian region and the Middle East.

 

“In Russia, all we have is exploration, but it isn’t one of our core regions and we are mulling how to pull out,” chief executive Wolfgang Ruttenstorfer said, without giving any more details.

Source : Bloomberg