Private interests

By Paul Radu

The privatization of Romania's oil industry has enriched the well-connected—and corrupt

Excerpts from this story referencing "Rompetrol":

"… er leading Romanian refinery that was bought in 2000 from the state by the Rompetrol Group N.V., a company based in the Netherlands whose chief executive offic …"

"… Romanian government stipulating that the more than $600 million-debt that Rompetrol, the biggest private company in the oil business in Romania, owed to the s …"

"… nia, owed to the state budget be converted to bonds.Representatives of the Rompetrol group said the $600 million represented "historical debt" that was inherit …"

"… igation in the Petromidia case.Company records show that 25 percent of the Rompetrol group is owned by OMV, which is the Austrian company announced in May 2004 …"