Romania’s Petrom, Canada’s Sterling Leased Blocks Overlap Area Disputed At Hague

Romania’s dominant oil company Petrom (SNP.RO) and Canada’s Sterling Resources obtained the lease of some oil perimeters overlapping the surface of continental plateau won by Romania in its Hague trial, Bogdan Gabudeanu, the former head of Romania’s Mineral Resources Agency ANRM, said last Friday.According to him, Petrom has 80%, while Sterling has 20% of the leased surface that overlaps the one won by Romania at the International Court of Justice at The Hague, in its dispute with ...

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