Reuters: Romania's Petrom ready to develop Black Sea gas field once government lifts barriers

Romania’s OMV Petrom is ready to press on with a multi-billion euro investment in the giant Black Sea gas project it holds with ExxonMobil once Bucharest’s new government lifts regulatory barriers to doing so, it said on Monday. A final investment decision on tapping the Neptun deepwater block after a decade of exploration was stymied last year by changes to offshore laws and new taxes that a former, socialist-led cabinet levied on the ...

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