Kazakhstan's state oil company KazMunaiGas on Wednesday threatened to seek international arbitration against Bucharest.
Expanded activities of Rompetrol in Romania will bolster KazMunaiGas’ strategic plans in the region and plans to enter the club of 30 largest oil and gas companies worldwide.
The Rompetrol Group N.V., a subsidiary of KazMunaiGas National Company, plans to open 22 new petrol stations in Georgia by the end of 2014.
Kazakhstan-owned Rompetrol and Romanian government signed a Memorandum of understanding on disputes settlement over Rompetrol Refinare.
Rompetrol has successfully completed modernization of Petromidia oil refinery and switched to production of Euro-5 fuel.