RUMANIAN OIL

Evening Post, Volume CXXIX, Issue 21, 25 January 1940, Page 11

RUMANIAN OIL

NEW CONTROL BODY

ALLIES' INTERESTS

BEING WATCHED CLOSELY

(Received January 25, 11.50 a.m.)

LONDON, January 24.

The setting up in Bucharest of a central organisation with the object of co-ordinating the production, home consumption, and export of oil was announced today. The news has attracted attention here and in France not merely because of substantial AngloFrench interests in certain of Rumania's oil companies but also in view of contracts entered into in Rumania for the supply of oil to the Allies.

Regarding this question of supplies, the new development is being watched closely, as some difficulty in obtaining export licences has recently been experienced..

, Close contact with the Rumanian authorities is being maintained by the British Minister in Bucharest. It is believed, however, that the Rumanian Government fully appreciates the British Government's desire to be put in full possession of the facts. It can be stated that all proper steps will be taken to ensure that the contracts for the supply of oil to Britain are fulfilled and excessive supplies not diverted to Germany as a result of enemy pressure.