Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS


Reuters:Romania president says Exxon, Petrom gas investment at $4-5 bln

Romania's top oil and gas group Petrom and U.S. major ExxonMobil will need to invest $4-5 billion to extract gas from a Black Sea field, provided additional data confirms their find, President Traian Basescu said on Wednesday, quoted by Reuters. The two companies jointly own Domino-1, the first deep water exploration well in Romanian waters and in 2012, they said they had discovered 1.5-3 trillion cubic feet (42-84 billion ...

Article accessible to subscribers only. Please login or subscribe.