Gazprom to take over concession agreement for four oil exploration perimeters in Romania

Serbian company Naftna Industrija Srbije owned by Gazprom signed an agreement with a Canadian company, East West Petroleum Corp that obtained from Romania in concession four oil perimeters: EX 2, EX 3, EX 7 and EX 8, Reuters informs. According to a press release of the two companies, the agreement sees cooperation to develop the four blocks. The agreement needs to be approved by Romania’s government. According to estimates, in Romania there are oil reserves of 1.4 billion ...

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