“A company like Romgaz should be a major player in the Black Sea… Romgaz must be part of lease contracts,” Nita told an energy seminar.
In February, state-run Romgaz signed an agreement with OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production to potentially purchase a 10% share in the Midia block in the Black Sea.
Back in November 2012, Romgaz signed a similar agreement with Lukoil and Vanco International to join them in the exploration of two oil blocks in the Romanian sector of the Black Sea.