Kazakhstan: Korned LLP Acquisition by Petrom
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Wednesday, 13 January 2010 |
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Petrom has bought Korned LLP, a firm that owns an exploration licence
of an oil field neighbouring one of Petrom's in Kazakhstan for an
undisclosed price, the firm said.
Petrom, which is 51 percent-owned by Austria's OMV, entered
Kazakhstan in 1998, and owns exploration and production licences for
five oil fields. Korned's licence includes the untapped oil field
of Kultuk, near Petrom's Komsomolskoe field, the firm said in a
statement. Petrom is 51-percent owned by Austrian OMV, while the
Romanian economy ministry owns 20.6 percent, with a 20.1 percent stake
owned by Fondul Proprietatea, a fund set up by the state to compensate
Romanians whose properties were seized under communism.
PetorlWorld 070110
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