KMG International and the KMG Rompetrol group announced that they welcome the decision by the Prosecution Office of the High Court of Cassation and Justice – DIICOT in the case publicly known as the “Rompetrol II” matter, decision recently conveyed to the company.

Through this decision, ”the Romanian authorities confirm that the numerous controversies and debates raised over time do not imply criminal law issues, or their place is not before the criminal judicial authorities of the Romanian State”, company officials stated.

”We appreciate the well-balanced nature of this decision, which is very important for the safety of the business environment and investment climate of Romania. We consider it a decision taken following very complex steps and analyses, in which KMGI and the group companies have actively and transparently participated, for the purpose of clarifying all relevant aspects.

”This decision consolidates the local holdings of the KazMunayGas group and opens way for further investments required for the development of the group’s local activities, with positive impact over economic growth, maintaining and developing the workforce, the group’s constant contribution to public budgets, as well as, in general, to the development of the local business environment.”