KazMunaiGaz

Prime Minister Mihai Tudose announces that it will no longer extend the controversial Memorandum (MoU) agreed in 2013 by Ponta Government with the KazMunaiGaz (KMG) owners of Rompetrol, which has not yet been operationalized. Thus, Tudose…

KazMunaiGaz management, owing Rompetrol Group (KMGI), and the officials of Chinese CEFC, which will acquire the majority stake in Rompetrol, had a meeting Thursday with Prime Minister Mihai Tudose and with the Ministers of Energy, Economy…

The Ministry of Energy has become a civil party in Rompetrol file to recover any damage that the court might highlight by the end of the investigation, said on Thursday Minister Victor Grigorescu. “Currently, the Ministry does not ask…

The KazMunayGas International first Vice-president Azamat Zhangulov was heard by DIICOT on Tuesday, being also informed about the decision regarding the seizure on Petromidia refinery and on Rompetrol gas stations. On Monday the prosecutors…

The DIICOT prosecutors have started investigations in the ‘Rompetrol II’ file, with RON 3 billion (approx. EUR 700 million) seizure on the shares of the Petromidia refinery and on the accounts of individuals, the file being severed from a…

Chinese company CEFC is to pay USD 680 million in order to take over the 51% stake of the KMGI shares, the former Rompetrol Group, and is to invest at least USD 3 billion in the following five years, the CEFC website informs. According…

Ion Sturza has been appointed Premier in Republic of Moldova by President Nicolae Timofti. “Not all factions have expressed support for him, but I hope they will revise their options,” the head of state said when presenting the premier…

The insolvency application filed by Rompetrol SA was rejected by the Bucharest Court, the decision can be challenged by company representatives. The Bucharest Court rejected on Monday the debtor SC "Rompetrol" SA’s request, which…

Rompetrol SA registered on 28 May, the Bucharest Court, an application requesting insolvency. The company's request is to be evaluated by the Bucharest Court on June 8. According to the courts’ portal, the insolvency application was…

KMG International NV (formerly Rompetrol Group NV) signed on Thursday a multicurrency revolving credit worth USD 360 million with a maturity of 3 years, contracted from a syndicate of banks consisting of Romanian Commercial Bank (BCR), as…