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Suppliers of oil equipment: Incidents in Libya will boost OMV's exploration and production investments, Romania included
24.03.2011, 23:52 | Energy | 861 views
The political crisis in Libya, which prompted Austrian group OMV, Petrom's owner, to suspend hydrocarbon exploration and production operations in the region affected by the conflict, could have a positive effect on the Romanian market. Providers of equipment for the oil industry who are working with OMV expect there will be an increase in investment budgets in other oil-rich areas, Romania included, in order to cover the deficit generated by the Libyan crisis. Petrom, the only Romanian producer of oil and gas, is the company on whose exploration and production budgets depends the business of many companies that deliver equipment and services for the industry. Read more on ZF.ro
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