First Reserve Buys Stake In Amromco

Law360, New York (September 19, 2011, 4:50 PM EDT) -- First Reserve Corp. announced Monday that it was advancing its formation of an oil and gas platform in Eastern Europe with an investment in Amromco Energy LLC, a leading gas producer in Romania.

First Reserve, a private investment firm devoted to the energy sector, provided Amromco with a confidential amount of funding to ramp up production in Romania, where it already operates 28 gas fields, the company said.

“We are excited to support the Amromco founding management team who has successfully grown the business since inception...
To view the full article, register now.