Petrom Concludes Talks With Romanian Regulator on Licenses

OMV Petrom SA (SNP) completed talks with the Romanian mineral resources regulator for an extension of its exploration licenses in the country and is waiting government approval, after giving up 25 percent of the initially contracted permits, according to a regulatory official. Petrom, which has been in talks with the authorities to renew exploration licenses for 14 onshore oil and gas blocks, seeks a three-year extension of the permits and plans to stop exploring some blocks and ...

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