40m euros for natural gas drying facilities

Societatea Nationala a Gazelor Naturale Romgaz SA (The National Natural Gas Company) plans to make investments worth 40 million euros in 17 natural gas drying facilities in Sibiu and Mures counties. “The drying facilities ensure top quality of the gas delivered. We are satisfied with our partners, who have performed the works and we will probably work together in the future, as well,” stated Dumitru Dobrescu, production manager of the Medias branch of Romgaz. Representatives of Romgaz SA estimate revenues worth 3.2 billion RON (over 900 million euros) for this year, a 34% increase against last year. The profit estimated for this year amounts to 540 million RON, 15% more against last year. Romgaz posted a turnover worth 2.2 billion RON (over 600 million euros) in 2005, and predicts an increase in turnover by 37%, to up to 3 billion RON.