Tuesday 10 May 2016

Romania seizes KazMunaiGaz refinery in tax probe


OIL AND GAS
Romania seizes KazMunaiGaz refinery in tax probe Bucharest (AFP) May 9, 2016 - Romanian prosecutors said Monday they had seized a refinery held by Kazakhstan's KazMunaiGaz, which recently came under Chinese control, in a tax fraud probe. The seizure of the Petromidia refinery in eastern Romania is part of an investigation into tax evasion, money laundering and fraud. KazMunaiGaz is accused of failing to settle debts contracted by former Petromidia owners Rompetrol ... more

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