OMV Reports 10% Rise in Q4 Output

Austrian oil and energy group OMV reported a 10 percent quarter-on-quarter rise in fourth-quarter oil and gas production on Monday.

Output rose to 447,000 barrels of oil equivalent per day (boe/d) from 406,000 boe/d in the previous quarter, it said, adding that retail and commercial margins also increased.

(Reporting by Kirsti Knolle; editing by Jason Neely)