Basescu Criticizes OMV Sharply

Politics ♦ Published: March 13, 2012; 18:17 ♦ (Vindobona)

The Romanian President Traian Basescu is deeply disappointed of the Austrian oil and gas company OMV. The Romanian subsidiary “made too much profits”, Basescu says.

Basescu Criticizes OMV Sharply / Picture: ©

“I have broken every relation to Petrom.” The Romanian President Basescu recently said. Basescu blames the subsidiary of OMV to have made “too much profits in the economic crisis”. There would be la “lack in fair play”.

Petrom, which is the largest Romanian company, recorded profits of € 866m in 2011 (+72%). Petrom did not react to Basescu´s statement.