Friday, November 9, 2007

Russia to deliver more natural gas to Romania

BUCHAREST, Nov. 8 (Xinhua) -- Russia will deliver to Romania 6.2 billion cubic meters of natural gas this year, up by nearly 20 percent than last year, visiting Russian Information Technology and Communications Minister Leonid D. Reiman told a press conference on Thursday.

According to him, the Russian side is ready to achieve design works on commercial bases in the Romanian energy sector, to build or upgrade enterprises in this sector and also to participate together with the Romanian side in international tenders on the delivery of energy equipment to other countries.

"If Romgaz (Romanian gas company) is ever put up to privatization or listed on the stock exchange, Gazprom (Russian gas company) will certainly be interested in taking part in such a project," the Russian minister said.

Reiman and Romanian Economy and Finance Minister Varujan Vosganian signed here on Thursday the Protocol of the Romanian-Russian Intergovernmental Commission on economic and technical-scientific cooperation.

The Commission held its 9th session on Nov. 6-8 in Bucharest, with the works being aimed at boosting the Romanian-Russian economic relations and at the diversification of commercial exchanges between Romania and the Russian Federation.

Trade between Romania and Russia amounted to 4.4 billion U.S. dollars last year and Russia is Romania's 5th-largest commercial partner, accounting for 5.2 percent of the total trade.

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