Romania Insider – by Andrei Chirileasa
Russia’s state oil and gas company Gazprom is currently in talks to buy a 24.9 percent stake in Austrian group OMV, according to Reuters.
This would make Gazprom the second largest shareholder of OMV, as the Austrian state holding company OIAG owns a 32 percent in the group.
OMV is the majority shareholder of Romania’s oil&gas company OMV Petrom, which is the country’s largest company. OMV Petrom controls Romania’s oil production and half of the country’s natural gas production. Continue reading “Russia could end up controling Romania’s oil reserves and half its gas reserves via stake in Austrian OMV”

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