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Tuesday, October 26, 2004

Wintershall Enters Natural Gas Market

Oil and natural gas company Wintershall from Germany will enter in the coming weeks Romania's natural gas market, through the joint venture Wirom Gas, Ziarul Financiar daily informs. Wintershall is now extending its businesses on the Romanian market, from production and trade with natural gas imported from Russia, by setting-up local distributions in southern Romania. Wirom Gas will next week announce the setting-up of the first natural gas distribution in Turnu Magurele (south), the investment standing sat some 1.5 million euros. Wirom Gas, one of the most important importers of gas from Russia, has recently increased its share capital by 1 million euro to be able to set up gas distributions in southern Romanian localities such as Turnu Magurele, Alexandria, Oltenita and Giurgiu. Wirom Gas posted 27.2 million euros in 2003 turnover.

Posted by Mircea : 10/26/2004 03:45:00 pm