Romania’s Upetrom Plans To Sell Oil Drilling Installation To Iraq

Romanian oilfield equipment manufacturer Upetrom 1 Mai Ploiesti (UPEX.RO), member of the Upetrom group, plans to sell a drilling installation to Iraq, the group’s spokesperson Radu Petrescu told MEDIAFAX on Thursday. The Iraqi authorities organized a bid to buy the drilling equipment in July. In the bid, Upetrom competes with several companies from the US, Germany, Italy and China. "The evaluation of the offers takes around two to three months, so that the result is expected at ...

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