Romania's Petrom buys firm in Kazakhstan
Thursday, January 7, 2010
Romania's top oil group Petrom SNPP.BX has bought Korned LLP, a firm that owns an exploration licence of an oil field neighbouring one of Petrom's in Kazakhstan for an undisclosed price, the firm said on Wednesday. Petrom, which is 51 percent-owned by Austria's OMV (OMVV.VI), entered Kazakhstan in 1998, and owns exploration and production licences for five oil fields. Korned's licence includes the untapped oil field of Kultuk, near Petrom's Komsomolskoe field, the firm said in a ...