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Romania's Premier: "Sale to OMV was a Huge Loss"
Prime Minister of Romania Emil Boc regrets the 2004 sale of the then government owned Petrom to Austria's OMV.
Romania's Premier: "Sale to OMV was a Huge Loss" / Picture: © Vindobona.org
The sale of Petrom to OMV has "caused huge damage to the Romanian economy," said Boc. The 2004 privatization of the oil company made by his predecessor has been a mistake. The sale price of € 700m for a third of the shares was too low. A report by experts showed that the group had a value of € 6bn in 2006. Romanian politicians have already started investigative measures on the sale…
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