Unconfirmed reports suggest RAG is looking to sell its Austrian explo assets in central Austria, whilst retaining producing rights with further work obligations, as well its gas storage business. RAGâs re-alignment started last year with the sale of German, Hungarian and Romanian rights. RAG is involved in the Upper Austria block (5,587 sq km), Salzburg (555 sq km), and a suite of oil, gas and oil/gas producing assets.
Unconfirmed reports suggest RAG is looking to sell its Austrian explo assets in central Austria, whilst retaining producing rights with further work obligations, as well its gas storage business. RAGâs re-alignment started last year with the sale of German, Hungarian and Romanian rights. 