Aristotel Jude, Secretary of State at the Romanian Ministry of Energy, said that the Ministry will soon nominate the company that will establish an investment fund worth almost one billion dollars with KMG International.
The nomination is based on the Government’s decision from 2014, which empowers the Ministry of Energy to appoint newly established state-owned company as the representative of the Romanian state in a Kazakh-Romanian investment fund. The fund will have an investment period of up to seven years, with an estimated investment of up to one billion dollars during that period, depending on market conditions.
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Tags: fund, investment, KMG International, Romania, Rompetrol, SAPE