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Competition Council approves some OMV Petrom SA assets takeover by Mazarine Energy

The Competition Council has approved the transaction whereby Mazarine Energy Romania SRL takes over OM Petrom SA assets, i.e. oil fields, the institution informs on Thursday.

The Council approved a similar deal between the two companies in 2017, when Mazarine Energy Romania SRL took over from OMV Petrom the rights and obligations related to 19 concessions of oil agreements, together with the real rights and the employees involved in the exploitation of oil fields.

The Competition Council says the deal does not raise significant obstacles to competition on the Romanian market or on part of it, mainly by creating or consolidating dominant positions.

 

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