Louisiana Light • 1 day | 91.16 | -0.74 | -0.81% | |||
Bonny Light • 1 day | 96.00 | -0.05 | -0.05% | |||
Opec Basket • 1 day | 95.01 | -0.81 | -0.85% | |||
Mars US • 17 hours | 88.83 | -0.23 | -0.26% | |||
Gasoline • 10 mins | 2.620 | 0.000 | -0.01% |
Bonny Light • 1 day | 96.00 | -0.05 | -0.05% | |||
Girassol • 1 day | 97.04 | -0.34 | -0.35% | |||
Opec Basket • 1 day | 95.01 | -0.81 | -0.85% |
Peace Sour • 9 hours | 84.13 | -0.03 | -0.04% | |||
Light Sour Blend • 9 hours | 84.63 | -0.03 | -0.04% | |||
Syncrude Sweet Premium • 9 hours | 93.23 | -0.03 | -0.03% | |||
Central Alberta • 9 hours | 84.13 | -0.03 | -0.04% |
Eagle Ford • 1 day | 86.11 | -0.65 | -0.75% | |||
Oklahoma Sweet • 1 day | 86.00 | -0.75 | -0.86% | |||
Kansas Common • 1 day | 80.00 | -0.50 | -0.62% | |||
Buena Vista • 2 days | 95.23 | -0.92 | -0.96% |
Projecting the oil price outlook…
Predicting the future of oil…
The sluggish reforms in Romaniaâs state-owned and run companies have raised tensions with one of the countryâs main international financiers, the International Monetary Fund.
Following a meeting with a visiting IMF delegation, Blocul National Sindical trade union Chairman Dumitru Costin candidly told reporters, "The representatives of trade unions and of the IMF have found that there is a tendency to postpone the modernization of the state-owned companies."
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Costin added, "This is not the right moment for privatization. The priority should be given to the depoliticization of the management of those companies, but the government postpones the privatization of state companies' management, because the electoral campaign is getting near, and the 'hen that lays the golden eggs' needs to be politically controlled," Romaniaâs Jurnalul National newspaper reported.
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The International Monetary Fund representatives stated that their organization is not satisfied with the governmentâs sluggishness in its proposed plan to appoint private managers to state-owned companies and stressed the need for quicker and more radical action on the issue.
As a trade union representative, Costin has continued to dig in his heels over the IMF demands.
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Citing the case of the Romanian Post newspaper Costin said, "We cannot talk about modernization, we can only talk about personnel layoffs. Some 3,000 people will take to the streets in two weeks to protest against this fake type of reorganization."
By. Charles Kennedy, Deputy Editor OilPrice.com
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