Germany's industrial group Siemens says things have gone well in Romania for the oil&gas sector, a unit employing around 150 people and standing all chances of reaching a 10% weight in the operations the group carries out in Romania .
"The crisis hit the energy field much later than expected, but owing to the orders we had, whose duration exceeded two years, there was not a significant impact over Siemens' operations. Meanwhile, Siemens started receiving a growing number of orders, so that the backlog is starting building up again," explains Peter Grobmueller, the head of the company's oil & gas unit.
According with the latest estimates by Siemens representatives, the group's turnover in Romania is set to reach 260m euros, flat from 2009.
The Siemens official says the following years will bring a significant increase in demand of products and services for the oil and gas industry. According to him, even though the major energy projects such as Nabucco, South Stream or the recently promoted AGRI do not materialize, the field will grow anyway in Romania in the next five years.
"For Siemens , Romania 's oil and gas market is obviously the most interesting in CEE. (...),"Grobmueller says.
Germany's industrial group Siemens says things have gone well in Romania for the oil&gas sector, a unit employing around 150 people and standing all chances of reaching a 10% weight in the operations the group carries out in Romania .
"The crisis hit the energy field much later than expected, but owing to the orders we had, whose duration exceeded two years, there was not a significant impact over Siemens' operations. Meanwhile, Siemens started receiving a growing number of orders, so that the backlog is starting building up again," explains Peter Grobmueller, the head of the company's oil & gas unit.
According with the latest estimate
