BUCHAREST Jan 6 Romania's top oil group Petrom
SNPP.BX has bought Korned LLP, a firm that owns an exploration
licence of an oil field neighbouring one of Petrom's in
Kazakhstan for an undisclosed price, the firm said on Wednesday.
Petrom, which is 51 percent-owned by Austria's OMV
(OMVV.VI), entered Kazakhstan in 1998, and owns exploration and
production licences for five oil fields.
Korned's licence includes the untapped oil field of Kultuk,
near Petrom's Komsomolskoe field, the firm said in a statement.
Petrom is 51-percent owned by Austrian OMV, while the
Romanian economy ministry owns 20.6 percent, with a 20.1 percent
stake owned by Fondul Proprietatea, a fund set up by the state
to compensate Romanians whose properties were seized under
communism. The remainder is listed on the Bucharest bourse.
At 0830 GMT, Petrom shares traded up 0.75 percent on the day
at 0.2670 lei ($0.091).
(Reporting by Luiza Ilie; Editing by Hans Peters)