The proposition was presented in a Government meeting Wednesday.
The company’s Managing Board will convene later this afternoon to decide on the matter, Vosganian said.
According to a document presented by the g.overnment last week, Oltchim had debts of over 2.68 billion lei (EUR0.61 billion) at the end of 2012.
The government failed to privatize Oltchim in October last year. The company is controlled by the Economy Ministry with a 54.8% stake. (EUR1=RON4.3727)