Petrom takes over LPG division of Shell

Petrom Co., the biggest oil company in Romania (with OMV holding 51 percent of its shares), took over late last week the liquefied petroleum gas (LPG) division of Shell Romania Co., including Shell Gas Romania and Trans Gas Services.Petrom thus become the biggest operator in the local LPG market, daily Gandul writes on Monday.'Petrom Co. has used its preemption rights stipulated in joint-venture agreements. The transaction is in line with Shell's strategy concerning a profitable upstream and ...

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