News Digest Item
23 Mar 2017

“Oil and gas production at record level”

Wintershall / Handelsblatt

Germany’s largest oil and gas company Wintershall has resisted the oil sector’s crisis and reported earnings before interest, taxes and special items of 517 million euros for 2016, writes Franz Hubik for Handelsblatt. Wintershall last year sold its 50 percent share in gas trade and storage business Wingas to Russia’s Gazprom. It now concentrates on exploration and gas transport, which is more profitable, writes Hubik.

Read the press release in English here and the Handelsblatt article in German here.

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