Romanian oil and gas group OMV Petrom has started talks with local and foreign banks to refinance a credit line worth
930 million euro ($1 billion), local media reported.
"Taking into account
the recent developments on financial markets, OMV Petrom is considering
refinancing the 930 million euro multi-currency credit line contracted in 2011,
which has a maturity of three years with a two-year extentionoption," financial
daily Ziarul Financiar quoted unnamed Petrom officials as saying on
Tuesday.
OMV Petrom, controlled by Austria's OMV, booked a net profit of
2.1 billion lei ($510 million/474 milion euro) last year, down from 4.8 billion
in 2013.