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Romania's Romgaz Plans To Invest 200 Mln Euro in 2010 - Media

Sep 10, 2009, 5:23:13 PMArticle by Kristina Belkina
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BUCHAREST (Romania), September 10 (SeeNews) – Romgaz plans to invest 200 million euro ($291.3 million) in its development next year, the same volume the Romanian state-owned gas producer is going to invest this year, Bucharest-based daily Ziarul Financiar reported on Thursday.

Romania's Romgaz Plans To Invest 200 Mln Euro in 2010 - Media

The company will finance the investment planned for 2010 from its own sources, Ziarul Financiar (www.zf.ro) quoted Romgaz officials as saying.

"But we don't rule out the possibility to take out loans as we believe the company will have no problems to attract external financing," the officials added.

Headquartered in Medias, close to the gas fields of central Romania, Romgaz is the country's second-largest gas producer after oil and gas firm Petrom, which is majority-owned by Austria's OMV.

($=0.6865 euro)

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