A significant part of the money (RON 5.47 bln) will go into the company’s offshore projects. Romgaz will invest another RON 5.38 bln in onshore natural gas production, including drilling works, exploration and exploitation wells, surface technological installations.
The company plans to finance about half of the investments (49%) from its own sources, 44% from attracted sources, and 7% with European funds.
The investment scenario does not include the potential negative impact of the coronavirus pandemic and will be revised when the uncertainty diminishes, the company’s management said, according to Romania-insider.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
