Conpet, Petrotrans to complete merger

The merger of state-owned oil carriers Conpet and Petrotrans will be completed in October, according to sources close to negotiations. Consequently, there will be only one carrier of crude and oil products left on the Romanian market. “The final form of the merger between Conpet and Petrotrans will be decided next month. As part of the merger, some 1,800-2,000 km of pipelines will shift from Petrotrans to Conpet, some of the wagons for gasoline transport that Petrotrans had rented to Conpet, as well as several fixed assets,” the quoted sources told Ziarul Financiar. ZF