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Russia's Oil Gas Trade might buy Oltchim, Arpechim as one, invest 300 million euros

Russia's Oil Gas Trade LLC is contemplating taking over the Oltchim Ramnicu Valcea chemicals works and the Arpechim Pitesti oil refinery and later on invest 300 million euros in an integrated formula of the works.Romania's Economy Minister Varujan Vosganian on Wednesday met representatives of the company. Also attending the talks were Oltchim receivers Gheorghe Piperea and Niculae Balan. Oltchim entered insolvency this January and has not come out ...

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