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Romanian President Again Critisized OMV´s Petrom

Published: March 20, 2012; 15:38 · (Vindobona)

Romanian president Traian Basescu in television again emphasized that he cut ties with largest Romanian company OMV Petrom on ‘incorrect’, high profit-making policy.

Romanian President Again Critisized OMV´s Petrom / Picture: © presidency.ro

Majority owned by Austrian OMV, Romania’s Petrom posted a record profit last year, of € 886 m, which brought the president’s disapproval. ‘I am the one who cut all ties with Petrom, in protest over the excessive profit during a time of crisis,” said Basescu last week.

The Romanian president was supposed to visit Petrom and Exxon’s drilling ship in the Black Sea…

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