The delegation was led by Johnny Lee Hall, executive vice-president of Exxon Mobil Exploration Company, SUA, according to a presidential news release.

“During the meeting, the two companies presented their action and investment plans for the Black Sea perimeters over the next several years,” the document noted.

OMV Petrom is part of Austrian oil group OMV, while Exxon Mobil is the world’s largest oil company with respect for market value.