OMV Claims $27.5 Million Refunds From Romanian State, ZF Reports

Austria’s OMV AG is claiming 91.6 million lei ($27.5 million) from the Romanian state for unpaid decontamination work carried out between 2009 and 2010 at its local unit, Ziarul Financiar reported today, citing a document on the Environment Ministry’s website.

OMV, central Europe’s biggest oil company and owner of Romania’s OMV Petrom SA, has filed a claim against the Balkan nation at the International Court of Arbitration in Paris to ask for the money, the Bucharest-based newspaper said.