RUMANIAN GRAB
OIL REFINERIES BRITISH INTERESTS BUCHAREST CHARGES (N.Z.P. A.—Reuter—Copyright.) (10 a.m.) LONDON, Dec. 16. The British Foreign Office was last night without official confirmation of the seizure of the two largest Britishowned oil companies in Rumania, namely, Astra-Romano and Unirea, owned by the Royal Dutch Shell and Phoenix Oil and Transport. The announcement of the seizure was published in the Rumanian official Gazette which charged the owners with “deficient production and theft of oil.” It added that administrators had been appointed by the Rumanian Ministry of Industry and Commerce and will have final jurisdiction over the policy of the companies. The Daily Telegraph’s city editor, who points out that the seizure is a violation of the Rumanian peace treaty, says that since the war the whole of the companies’ oil output has been sold compulsorily to the Rumanian Government at about a quarter of the world market price. The oil was being then handed on to the Russian Government as reparations. The companies thus have been unable to earn any profits. Both the British Foreign Office and the companies’ British directors have repeatedly but unsuccessfully requested the Rumanian authorities to end this state of affairs.
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https://paperspast.natlib.govt.nz/newspapers/GISH19471217.2.50
Bibliographic details
Gisborne Herald, Volume LXXIV, Issue 22513, 17 December 1947, Page 7
Word Count
196RUMANIAN GRAB Gisborne Herald, Volume LXXIV, Issue 22513, 17 December 1947, Page 7
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