Petrom has oil and gas reserves worth 10 billion dollars

The oil and gas reserves of the biggest Romanian company, Petrom, are currently worth 9.53 billion dollars (7.1 billion euros), and are the most valuable asset of the company, reveals an analysis report of the oil sector in Central and Eastern Europe put together by Austria's Raiffeisen bank. The evaluation is conservative, the bank's analysts say, with the reserves possibly worth more, daily Ziarul Financiar writes on Tuesday. The two refineries of Petrom are appraised at 2.3 billion euros ...

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