Gov't should observe value of royalties mentioned in Petrom's privatisation contract

Romania's Government must observe the value of royalties set forth in the privatisation contract signed for Petrom and for any other company, Minister of Economy and Finance Varujan Vosganian said on last Thursday.Vosganian's statement came only few days after the Senate's Economic Committee increased royalties charged on Petrom for crude exploitation to 10 eurostonne, from a previous 5.6 euros. The Committee passed an amendment that provides for a doubling of oil royalties as the Government ...

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