Rompetrol to Invests $1 Billion in Ukraine Retail,Kommersant Say

Rompetrol Group NV, is seeking to invest $1 billion in five years in a joint venture with Ukraine’s NAK Naftogaz Ukrainy to retail oil products in Ukraine, Kommersant-Ukraine newspaper reported, citing Andriy Kuzmenko, the head of the Rompetrol office in Ukraine.

Rompetrol and Naftogaz completed a technical feasibility study of the joint venture and Rompetrol plans to supply as much as 400,000 tons of oil products to Ukraine next year, Kiev-based Kommersant reported.

Rompetrol Group did not immediately comment when contacted by Bloomberg News by phone today in Bucharest.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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