Sale of stake in KMGI to Chinese CEFC falls through – Romania, 3 July 2018

According to media sources, the transaction for the takeover 51 % stake in KMG International (former Rompetrol Group) by Chinese company CEFC (China Energy Company Limited) of has failed. Kazakh KazMunayGas announced in April 2018 that the transaction for the takeover of 51 % of KMG International shares by Chinese CEFC has been postponed for […]

Romgaz interested in investing in fertilizer plant – Romania, 3 July 2018

Romanian state owned natural gas producer Romgaz plans to invest in the chemical industry, especially in the fertilizer production, which has already been included in the company’s development strategy. Chairman of Romgaz’ Board of Directors Liviu Nistoran said that the company plans to either take over an existing fertilizer plant from one of its debtors, […]

ExxonMobil could extract 6.3 billion cubic meters of gas per year from Neptun block – Romania, 3 July 2018

Lead Country Manager of ExxonMobil Romania Richard Tusker said that the company has not yet decided on starting the gas exploitation in the Neptun perimeter in the Black Sea since Romania has not adopted the tax framework that will apply for these activities. Tusker said that the annual production in the Neptun perimeter, where ExxonMobil […]