Romania's Rompetrol takes USD 200 mln syndicated loan

Oil and gas company Rompetrol Group took a USD 200 million syndicated loan from a group of banks including UniCredit Bank Austria, Citi, JP Morgan and The Royal Bank of Scotland as bookrunners and mandated lead arrangers. This is the first loan obtained by Rompetrol in recent years, after its parent company KazMunaiGaz took a USD 1 billion loan in 2011. UniCredit Bank Austria was advised by law firm White & Case. The Rompetrol Group, majority owned by KazMunaiGaz, runs the Vega refinery in Ploiesti, close to Bucharest, the Petromidia refinery in Constanta, as well as Rompetrol Petrochemicals. The group’s retail network, Rompetrol Downstream, includes over 780 gas stations in Romania. The group was taken over by KazMunaiGaz in 2007 from Romanian businessman Dinu Patriciu. editor@romania-insider.com