Romania Granted Sterling Exclusive Oil Drilling Rights In Black Sea Blocks

The appendix of the oil drilling contract closed between Romania’s Mineral Resources Agency ANRM and Canadian company Sterling Resources stipulates the exclusive right of drilling operations on two Black Sea oil resources blocks.The document allows Sterling to carry out operations on the entire period of the contract, in XIII Pelican and XV Midia blocks, according to the appendix posted Friday on ANRM's website.The paper also allows a third party to develop mining operations in ...

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