Romania Signs Oil Exploration Agreements for Eight Blocks

Romania signed oil exploration agreements with seven companies including Audax Resources Ltd., OAO Lukoil and Vanco International for eight blocks in the country, according to the National Agency for Mineral Resources. The eastern European country completed yesterday the agreements for the onshore and offshore exploration blocks awarded with 12 others last year, the agency said in a statement on its website. Audax, an Australian minerals and gold explorer, Clara Petroleum Ltd., ...

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