Romania May Auction Black Sea Oil, Gas Blocks Permits Next Year

Romania may auction exploration licenses for six oil and gas blocks in the Black Sea as early as next year after the global crisis kept investors away at previous auctions, said Alexandru Patruti, the head of Romania’s Mineral Resources Agency. “We have six more blocks to award in the Black Sea, but we will definitely not organize auctions this year,” Patruti said in an interview from Bucharest yesterday. “We haven’t receive any offers for these blocks so far, probably because the ...

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