Mercuria Energy invest $50 million in Romania’s Amromco Energy

Mercuria Energy invest $50 million in Romania’s Amromco Energy:

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(Source: Amromco Energy)

Switzerland’s Mercuria Energy Group has completed a $50 million investment in Amromco Energy, the largest upstream gas producer in Romania.

“The investment from Mercuria will enable Amromco to accelerate growth, through increasing production from existing assets and the acquisition of additional opportunities in Europe”, Amromco CEO Ron Carpenter commented in a note.

According to the Romanian company, the equity will be used to accelerate growth in the country and across Eastern Europe.

“The agreement also places the company in a good position to execute on additional strength to its proven operational track record and ability to offer mutual beneficial marketing and off-take arrangements”, Carpenter said."

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