Romanian politician claims OMV wants to sell Petrom to MOL

5. Oktober 2006, 00:00

Romanian politician Cozmin Gusa, the leader of the National Initiative Party (PIN), said that Austrian group OMV...

Romanian politician Cozmin Gusa, the leader of the National Initiative Party (PIN), said that Austrian group OMV intends to sell Petrom to the Hungarian company MOL at four times the price it paid to acquire it from the Romanian state.

He said the sale of Petrom to OMV was humiliating for Romania, because the government had no control whatsoever upon the price of fuel. "Instead of paying two and a half times less on fuel we now have to pay the prices imposed by OMV," said the PIN official. The re-sale of Petrom would further humiliate the country, by giving control over Romanian national resources to a Hungarian company.

However, OMV spokesman Armin Teichert said that OMV does not intend to sell Petrom to MOL or any other company. "OMV is a fully-involved shareholder of Petrom and does not plan to change this situation," said Teichert.

www.petrom.ro
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