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Petrom lessens production of crude oil and natural gas

The overall production of crude oil and natural gas of Petrom, a company member of the Austrian oil group OMV dropped 3 percent in the second quarter of this year as against the first quarter, to 196,000 barrels of oil equivalent a day from 202,000 barrels of oil equivalent a day, reads the preliminary report made public by OMV. The majority shareholder of Petrom says that the drop was prompted by the lower deliveries of natural gas because of the high pressure of the natural gas pipeline ...

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Energy & Environment

Thursday, July 26, 2007