Ministry of Economy, due to pay 150m euros to Petrom for its petrochemical division

Romania’s Economy Ministry will pay the largest company in Romania, Petrom, 150 million euros to take over the petrochemical division Petrochemicals Arges, former Arpechim, government secretary with the ministry, Tudor Serban, said, cited by NewsIn. Petrom imposed the ministry a single condition in handing over Petrochemicals – to pay the debts of 150 million euros Arpechim had to give to state-run chemical producer Oltchim. Petrom set up in June 2007 the division Petrochemicals Arges to ...

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