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OMV likely to miss 2016 oil output target

Monday, November 10, 2014 - 05:50

Vienna

AUSTRIAN oil and gas group OMV has said that it may not hit its target of producing 400,000 barrels of oil equivalent per day (boe/d) by 2016 if it put the brakes on its investment programme.

"In order to reflect a more challenging operating environment, especially the