OMV Gains Tunisia Approvals, to Invest 500M Eur

Reuters

VIENNA, May 30 (Reuters) - Austria's OMV confirmed on Friday it expected to invest around 500 million euros ($681 million) to develop the Nawara gas field in Tunisia after gaining government approvals.

The development is a joint project with ETAP, the Tunisian National Oil Company, and first gas production is expected to start in 2016 with peak production of around 10,000 barrels of oil per day equivalent. ($1 = 0.7345 Euros)

(Reporting by Georgina Prodhan, editing by William Hardy)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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