OMV counts cost of Kurdistan failures

Austria’s OMV has warned its third quarter bottom line will be hit with exploration costs of around €180 million ($235 million) mostly over exploration failures in the Kurdistan region of Iraq.

Rising costs: Exploration outlay trebles for OMV due to Kurdistan write-offs
Rising costs: Exploration outlay trebles for OMV due to Kurdistan write-offs
Published 19 October 2012, 10:37Updated 11 October 2016, 11:00
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