Middle East Economic Survey
Petrom Acquires New Assets In Kazakhstan
Romanias Petrom on 6 January announced that it had acquired the Kazakh oil firm Korned LLP, which holds an exploration license for the undeveloped Kultuk oil field, located 34km from Petroms Komsomolskoe field. The sale and purchase agreement was signed on 29 October 2009 and finalized on 31 December 2009 following approvals by the Kazakh authorities. The purchase price was not disclosed. Petrom...