PETROMIN'S FUTURE


Petromin's new company form and new owners

Contrary to Navrom's situation, the Romanian authorities have found the means to organise a take-over of Petromin by foreign investors. At this stage the identity of new owners is not revealed, however the take-over has taken place for a 'symbolic' amount. In return, the new owners absorb Petromin's outstanding debts for their account.

Petromin has proven to be the most solid of all three national Romanian shipping lines, and tank transport in general is growing worldwide.

The unrevealed new owners will modify the company's name ànd flag, and take over all vessels operated by Petromin. They promised to settle foreign debts to creditors as soon as logistically possible and say to have a concrete operational plan for the immediate future.


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