OMV says needs acquisitions to grow output
LONDON |
LONDON Nov 27 (Reuters) - Austrian oil and gas company OMV (OMVV.VI) said it was sticking to its 2010 production target of 350,000 barrels of oil equivalent per day but additional growth in the following years would only be possible with acquisitions.
Chief executive Wolfgang Ruttenstorfer told reporters at a presentation that reaching the 2010 target would be very challenging. (Reporting by Tom Bergin; Editing by Dan Lalor) ((+44 207 542 1029, tom.bergin@reuters.com, Reuters Messaging tom.bergin.reuters.com@reuters.net))
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