News » April, 2011 » 28 April 2011
Sterling Resources Deplores Romania’s Opaque Drilling Permission System
28.04.2011, 16:17 | Energy | 2378 views
Canadian oil and gas company Sterling Resources on Thursday said it cannot operate in its Black Sea perimeters at the present time, since local authorities are unable or unwilling to issue the required permits. "Sterling has thus issued a notice to (mineral resources watchdog) ANMR, stating that the total lack of clarity on the applicable procedure and authority for issuance of construction permits constitutes an event of Force Majeure under the Concession Agreement," the company said in a statement. Read more on Mediafax.ro
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