Romaniaآ’s Petrom gets government green light for BB-OS/5

Vol 3, PW 18 (29 Sep 99) News in Brief
     

Oil minister Vazhappady Ramamurthy has put his signature to an order dated Monday (27th September) confirming a 41% equity stake in the BB-OS/5 exploration block in the Mumbai Offshore for MD Petrom, a joint venture between the Romanian state oil company Petrom SA (40%), the Mittal Group (25.5%), Bizworld Group (25.5%) and Bushco Petroleum (9%). ...