international magazine
05 / 2003

Petrom on the way of Gradual Privatisation

For Romania, with its oil consumption-output ratio of 2:1, (the figures give 129,863 b/d (6 mn tpa) upstream, 259,726 b/d (12 mn tpa) consumption) burning issues of foreign investment prop up the importance of stable hydrocarbons supplies. Zooming in on state-owned oil&gas producer Petrom, the Government faces a stiff task of holding on to Petrom's assets whilst privatising the company to lure in suppliers of oil.