Romgaz to acquire a 50% stake in XIX neptun deep block from ExxonMobil for $1.06bn.

Romgaz, a natural gas producer in Romania, agreed to acquire a 50% stake in XIX neptun deep block from ExxonMobil, an American multinational oil and gas corporation, for $1.06bn. Romgaz will ask shareholders to approve the deal at a meeting on December 9, 2021, when it will also request approval to borrow $377m to cover a part of the transaction costs.