Petrom changes operation strategy in Kazakhstan

Petrom has sold out its 95-percent stake in Oztyrk Muni of Kazakhstan, which operates the Sinelnikovskoe oil field, to Kazakh company En-Gip, but it will continue to invest in this Asian country in order to achieve its objectives, says Werner Ladwein of Petrom's executive board concerned with exploration and production.Petrom officials explain that the decision is part of the restructuring of the company's Kazakhstan portfolio that comprises concentrating resources in wide-ranging projects ...

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