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German energy company RWE to abandon crude oil, natural gas production
German energy company RWE to abandon crude oil, natural gas production, eyes sale of divisionTHE ASSOCIATED PRESS
March 05, 2013 - 9:33 am EST
BERLIN — German energy company RWE AG says it is has decided to abandon production of crude oil and natural gas and will consider options for selling its oil and gas division.
RWE said Tuesday that selling RWE Dea AG, the oil and gas exploration and production business, would remove pressure on future capital spending and improve the company's financial situation. It didn't say when a sale might take place or name a price.
http://www.therepublic.com/view/story/643f9080fd714b2e83e87a40d93dd6f0/EU--Germany-RWE
