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PM sees Petrom trouble as devastating signal for investors

Vineri, 17 noiembrie 2006, 0:00

Prime Minister Calin Popescu Tariceanu declared on Friday that a potential renegotiation of the Petrom privatization contract would be „a devastating signal for foreign investors”.
The statement comes as a reply to the late controversies on the energy market and a few days before the Petrom problem is scheduled for duscussions in the Supreme Defense Council.

„The are people who try to force the connection between Romania’s accession to the EU and the gas price. There is no such connection”, said Tariceanu, who also claimed that the international price is the main source for local price evolutions.

The price growth for natural gas was determined by the increasing costs for interior production at Petrom.

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