Friday, May 08, 2009

Ministry of Economy to takeover petrochemical division of Petrom

Romania’s Economy Ministry will pay Petrom €150 mln to take over the petrochemical division Petrochemicals Arges (formerly known as Arpechim).

Petrom’s solitary condition in handing over the petroochem division was to pay the debts of €150 mln that Arpechim had to repay to state-run chemical producer Oltchim.

For more details on Ministry of Economy to takeover petrochemical division of Petrom click here

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