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Petrom cooperates closely with the Romanian Government to identify solutions to alleviate the social effects that can appear as a result of the future alignment to the European Union energy market

November 21, 2006

Today, representatives of Petrom and the Romanian Prime Minister continued discussions to set up a fund that could contribute to achieve that objective.

As the largest Romanian company, Petrom is committed to be a part of the general concept and in the development of the national energy strategy. The security of energy supply and the sustainable management of energy resources is a continuous concern for the Romanian state as well as for all the companies in the energy sector, including Petrom. In this context, Petrom will invest more than 3 bn. Euro until 2010, of which up to 1 bn. Euro will be invested in 2007 only, in order to secure Romania’s oil & gas production.