BSOG may seek international arbitration about its offshore operations in Romania

Black Sea Oil and Gas (BSOG), an oil company controlled by Carlyle Group that is close to becoming the first of the new gas producers in Romania's Black Sea, possibly this summer, notified the Romanian state of its intention to initiate an international arbitration process at the Paris Court.   The company did its part of the job and is ready to extract natural gas at a critical moment, but it expects the ...

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