Romania's OMV Petrom in Talks to Refinance 930 Mln Euro Credit

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.

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