Black Sea Oil & Gas (BSOG) announced that the European Bank for Reconstruction and Development (EBRD) became a minority shareholder in the company.
Head of Carlyle International Energy Partners, the owner of BSOG, Marcel Van Poecke said that the company welcomes EBRD as a partner who shares its view of the importance of the Midia Gas Development project to the development of the Romanian Black Sea in particular and European energy and infrastructure activities more broadly. EBRD Regional Director for Romania and Bulgaria Matteo Patrone said that with this landmark equity transaction, the bank’s intention is to support the development of the private upstream oil and gas companies in Romania.
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Tags: Black Sea, Black Sea Oil & Gas, BSOG, EBRD, financial, gas, Midia, Romania