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Carlyle Unit Assumes Full Risks of Operating Gas Field as Insurers Shun Black Sea

June 29, 2022

A unit of Carlyle International Energy Partners LP has assumed the full risks of operating a new gas field in the Romanian waters of the Black Sea as insurers shun the zone because of its proximity to the war in Ukraine.

Black Sea Oil & Gas SA, owned by Carlyle and the European Bank for Reconstruction & Development, started producing gas this month from a block located near Ukrainian waters in which there have been missile and drone strikes during the four-month conflict.

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