Azerbaijan, Baku, Dec. 14 / Trend E. Kosolapova/
The Rompetrol Group (Kazakh KazMunaiGas' 100 percent-owned subsidiary) through its subsidiary company Rompetrol Well Services (RWS) entered the Hungarian and Bulgarian markets, KazMunaiGas reported on Wednesday.
The company provides wells maintenance services in these countries.
"The contract on these services is valued at over $800,000," the company said.
According to KazMunaiGas, RWS produces timbering and cementing of two geothermal wells near the settlements Miskolocs and Mako in Hungary, and working in ultra-deep well (more than 3,000 meters) near the city of Pleven in Bulgaria.
Rompetrol Well Services was established in 1951. In 2000, the company became a part of The Rompetrol Group, which owns 71.73 percent stake in the company.
The Rompetrol Group is a large holding company. The group is active primarily in refining and marketing downstream, with additional operations in exploration, production and other services for the oil industry. It owns two oil refineries - Petromidia and Vega - and some 630 gas stations in Europe (Romania, France, Spain, Moldova, Ukraine, Bulgaria, Albania, and Georgia). The Rompetrol Group is a 100 percent subsidiary of KMG.
KazMunaiGas is the Kazakh national operator for hydrocarbon exploration, production, processing and transportation. The state owns 100 percent of the company's shares.
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