December 7 (SeeNews) - Romania’s Rompetrol Rafinare [BSE:RRC], a member of KazMunayGas International Group (KMGI Group), said that it accepted demands for higher wages by protesting workers on its Petromidia oil platform.
The company agreed to a salary increase in the amount requested by employee representatives starting March 1, 2023 in order to avoid affecting oil production and the distribution of refined products in an extremely unfavorable and tense geopolitical context, Rompetrol said in a report filed with the Bucharest Stock Exchange.
Rompetrol Rafinare is part of Dutch-based group KMG International, in turn fully owned by Kazakhstan’s state-owned KazMunaiGroup. Petromidia, owned by the company, is the largest refinery in Romania.
The main shareholders of Rompetrol Rafinare are KMG International with 54.63% and the Romanian State through the energy ministry with 44.7%, data from the Bucharest Stock Exchange, BVB, showed.
Its shares traded 3.61% lower at 0.08 lei as of 1427 CET on Wednesday on the main market of the Bucharest Stock Exchange.
(1 euro=4.9186 lei)
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