OMV Petrom Sold Subsidiary

EnergyOil & Gas ♦ Published: July 11, 2013; 19:20 ♦ (Vindobona)

OMV Petrom sold its subsidiary Petrom Distribuţie Gaze SRL.

OMV Petrom Sold Subsidiary / Picture: © OMV AG
  • OMV Petrom to focus on supplying gas to commercial and industrial clients
  • Decision in line with OMV Petrom strategy to optimize downstream operations
  • Exit from gas distribution activity to end customers

OMV Petrom, the largest oil and gas producer in Southeastern Europe, sold its 99.99% interest in its non-core gas distribution company Petrom…