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Competition Council approves Petrom - Rompetrol fuel exchange

Joi, 27 septembrie 2007, 0:00

The contract between Petrom and Rompetrol, signed for exchanging 60,000 tons of fuel, will not have an impact on the fuel market in Romania, the Competition Council decided.
Petrom is the former state company, acquired by Austrian-based OMV. Rompetrol is part of the Rompetrol group, whose owner recently sold 75% of the stock to the Kazakh state oil agency.

The agreement will not influence the volume of investments made by the parties, the general market price nor does it contain articles that would limit the production or distribution level for fuels, the Council decided.

The companies attempt to improve the provisioning time for gas stations, eliminate the difficulties related to railroad transport and reduce transport costs.

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