Romgaz Set To Contract RON1.6B From Banks To Buy Exxon's Stake In Neptun Deep Black Sea Project

09.30.2021 By Ecaterina Craciun

Romanian state-owned natural gas producer Romgaz (SNG.RO) said in a stock market report Thursday that it initiated a non-binding process in order to obtain offers for financing in the amount of RON1.6 billion or the equivalent in euros, on the bank market, with a view to acquiring US giant ExxonMobil's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea.

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Keywords:
Romgaz
, loan
, Exxon
, stake
, Neptun Deep Black Sea Project

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