Latest news
Exploration assets sold by Petrom in Russia
The major oil and gas group in Romania, Petrom, owned mostly by Austrian OMV, sold 75% of exploration assets in Ring Oil to its minority partner Mineral and Bio Oil Fuels Limited in Russia, since it focuses mainly on the Romanian and Kazakh activities. The total value of the transaction was not disclosed.
read more... 07/09/2010
Romania wants to reduce its participation in Petrom
OMV, Austrian major oil and gas group, does not intend to increase its share in its Petrom division, even though the Romanian government would like to vend a part of its 21% stake in order to reduce its participation to 8%, according to OMV’s representative on Tuesday.
read more... 27/04/2010