ROMANIA ATTRACTING FOREIGN E&P INVESTMENT

Romania is making progress in efforts to attract foreign investment to bolster its faltering oil and gas sector. Ten western oil and gas companies remain in the bidding for exploration and production concessions in Romania, according to western press reports. They are Amoco Corp., ARCO, Agip SpA, Canadian Occidental Petroleum Ltd., Deminex Enterprise Oil plc, Marathon Oil Co., Petrofina SA, Phillips Petroleum Co., and Royal Dutch/Shell Group.

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