OMV Petrom withdraws from Kazakhstan to focus on the Black Sea region – Romania, 29 December 2020

The largest Romanian oil and gas company OMV Petrom, a part of Austrian OMV Group, signed the transaction for the sale of 100 % of its stake in Kom-Munai (KOM) and Tasbulat Oil Corporation (TOC) in Kazakhstan to Magnetic Oil Limited.

KOM and TOC hold production licenses for four onshore fields,

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