Bids expected for former Petrom oil blocks

Oil companies are expected to submit bids by mid June for six blocks auctioned by the National Agency for Mineral Resources (ANRM), ANRM sources told Ziarul Financiar. SNP Petrom, the only oil producer on the Romanian market, has quit operations in those blocks and they are now auctioned by ANRM. “So far, we’ve had four or five companies already on the Romanian market buy the general data packages and the deadline for submitting bids expires at the month’s end. The documents submitted are to include both the technical bid and financial elements. Petrom relinquished the six blocks located in Muntenia and Moldova,” the quoted sources said. “The new owner of Petrom, following privatisation, may conduct a different evaluation than the current one and decide to relinquish other blocks, too,” the same sources said. ZF