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Carlyle sells Romania's Black Sea Oil & Gas to Mazarine 

By Reuters News

LONDON, Oct 29 (Reuters) - US private equity firm Carlyle CG.O and the EBRD have agreed to sell Romanian energy company Black Sea Oil & Gas to Dutch firm Mazarine, Carlyle said on Thursday, without disclosing the sum.

  • Carlyle created Black Sea Oil & Gas in 2015 and brought in the European Bank for Reconstruction and Development with a 10% stake two years later

  • Under their ownership, BSOG brought the $400 million Midia gas project in the Black Sea into production as operator and majority shareholder in the asset

  • Midia produces 107 million cubic feet a day, or around 10% of Romania's demand, according to Carlyle

  • Mazarine, a previous Carlyle investment, operates oil and gas assets in Tunisia, Romania and the Netherlands

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