Rompetrol wants to become energy trader
KazMunaiGaz, from Kazakhstan, intends to enter the energy market, and to start until the end of this year trade with electricity, sources from the company told the Business Standard daily.
“We have a plan and intend to carry out the first transactions with electricity as of this year. For the time being, we are studying the market, as many deals have been made in 2008, “ the sources said.
The intention of Rompetrol to become supplier of electricity was announced, two years ago, by Dinu Patriciu, former head of group, the current CEO.
Petrom announced, last year, its entry into the electricity market, by the construction of a cogeneration plant of 860 MW, with the start of the production due for the second half of 2011.
Another oil company, present in the domestic market, Petrotel-Lukoil, expressed, at the end of 2006, a similar intention, the daily also said.