Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

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

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.