Petrom not Interested in Petromservice

12. März 2007, 00:00

Werner Schinhan, the deputy general manager of Petrom, said at a business workshop that the company is not interested...

Werner Schinhan, the deputy general manager of Petrom, said at a business workshop that the company is not interested in acquiring Petromservice, its main services supplier, which is controlled by the union leaders.

“Petromservice is, for us, an important service provider and we would like it to continue to be. We are not interested in buying it,” said Schinhan.

However, Werner Schinhan confirmed that Petrom considers the the construction of a natural gas storage capacity in Romania and might enter a partnership for this purpose with Romgaz. He that Petrom was intending to sell a higher volume of natural gas than its current production and it does not have its own storage capacities for natural gas. Petrom currently uses rented Romgaz storage capacities for its needs.

Petrom is a Romanian oil company, the largest corporation in Romania and the largest gas and oil producer in Eastern Europe. In late 2004, Petrom was privatized by the Romanian state and sold to Austrian oil company OMV.

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