Romgaz to acquire Azomureș chemical complex in Romania

The Romanian state-controlled energy company Romgaz is officially acquiring the production assets of the Azomureș chemical complex in Târgu Mureș. The transaction, finalized following approvals from the Competition Council and the Commission for Examining Direct Foreign Investments, is set to take effect on September 1, 2026.

As part of the Transfer of Business Agreement, Romgaz will take over the necessary assets, contracts, and more than 800 employees required to continue the production of chemical fertilizers and related industrial products. The acquisition is viewed as a strategic move to secure domestic fertilizer production for Romanian agriculture and reduce reliance on imports.

Interim Prime Minister Ilie Bolojan noted that while the takeover is immediate, the plant will not resume operations instantly. Due to the period of inactivity, the facility requires technical audits, expert inspections, and new safety certifications. The goal is for Azomureș to operate at full capacity by the first quarter of 2027. The project is also linked to the future exploitation of Black Sea gas reserves, which could provide a stable domestic energy source for fertilizer manufacturing.