Gazprom-OMV deal exclude Romania OMV refinery
Romanian and Austrian media have speculated that the exchange could include two refineries from Romania and Austria.
The asset exchange between Austrian group OMV, the majority shareholder of OMV Petrom, and Russian oil&gas giant Gazprom doesn’t include assets owned by OMV in Romania.
The exchange will include only assets held by OMV in the North Sea and the Norwegian Sea, said OMV CEO Rainer Seele, reports local Profit.ro.
The asset swap will be completed by the end of the year, said the Gazprom CEO Alexei Miller.
OMV and Gazprom agreed on a possible exchange of assets in September last year. OMV will get a stake of 25% in the Urengoy gas deposit in Siberia, in exchange for its assets in the North Sea and the Norwegian Sea.
The Romanian and Austrian media have speculated that the exchange could include two refineries from Romania and Austria. The rumors, however, have proven false.
Source: Romania insider
Latest Posts
Popular Post
- Tara Mines bids to extract last of Bula resource and end long-running saga
- How valuable is Kosovo’s mineral wealth?
- Political influence on Kyrgyz gold mining
- New Bulgaria plant for casting of iron and steel
- Who are the main players in the ore exploration business in Serbia
- Newmont is expanding its business to Europe
- JSC Pavlik, Russia, new gold processing plant
- Mining and indigenous communities across the world
- Leading Edge hits significant lithium, tantalum in Sweden
- Pan Global gets access to Torrubia copper target in Spain