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Gala Opening, Bucharest Marriott Grand Hotel,
November 23rd, 2001

Sponsored by "Racoti, Predoiu & Partners, Law Firm"

Petroleum Club Is Born

On Friday, 23 November, in a festive background at Marriott Hotel from Bucharest, the Opening Gala of Petroleum Club in Romania took place, a club with 100 years tradition in many parts of the world. Petroleum Club is a national association that intends to defend the interests of the companies from the oil and gas industry. The founders are determined to contribute to the improvement and the protection for the business climate, in which the oil and gas companies carry out their activities.

Petroleum Club is determined to contribute to assure a viable and powerful oil and gas internal industry, recognizing that it is essential for the national economy to provide and guarantee the energetic outfit. The opening speech belonged to James Angelus, American citizen, editor of "Oil and Gas Journal", who extended a welcome to all the guests and reminded that the tradition of a petroleum club existed for a century and at the beginning, it belonged only to men and it had a very social character: oilmen used to drink whisky and talk business. Three rules governed the petroleum club, 100 years ago: no tie, no wife and confidential talks. James Angelus expressed his real satisfaction for the establishment of such a club in Romania too, with the ungrudging help of the founders, and his hope that this institution would play a decisive role to reinforce the relations between all the people that work in the oil sector.

The next speaker was Andrew Costin, president of Petroleum Club, a Romanian naturalized in the USA, who returned after years to his origin.He mentioned the international recognition of the Romanian oil industry and the necessity of such an organization like Petroleum Club. He also declared himself confident that Petroleum Club would be a bridge between all Romanian oilmen and not only.

Dinu Patriciu, president of ROMPETROL GROUP, expressed his belief that the establishment of such a club would eliminate the lack of communication that exists in the Romanian oil and gas industry at present. In his opinion - a pertinent one - if communication and exchange of ideas between competitors don't exist, but only hate and enmity, none of them will win, but lose.

The rector of Oil - Gas University, Ploiesti, Prof. Dr. Eng. Niculae Napoleon Antonescu noticed the initiative of his guild colleagues - an idea that he had been supported for a long time - and expressed his belief that this association would offer the opportunity for all the people who work in the oil sector to meet each other, to exchange ideas and to do business in a relaxed, productive and coworker environment.

After this festive moment, all the participants had been lingering for an hour, over a glass, talking, indulging in petty politics.

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