EQS-Adhoc: Petro Welt Technologies AG: Considerations for the termination of the joint venture in Oman

EQS-Adhoc: Petro Welt Technologies AG: Considerations for the termination of the joint venture in Oman

EQS-Ad-hoc: Petro Welt Technologies AG / Key word(s): Strategic Company
Decision
Petro Welt Technologies AG: Considerations for the termination of the
joint venture in Oman

31-March-2022 / 19:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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Vienna, March 31, 2022
During their meeting on March 31, 2022 in Vienna, the Supervisory Board
members of Petro Welt Technologies AG decided to reconsider the Company’s
activities under an existing joint venture in Oman and to evaluate
measures to terminate the business activities. In the future, the Company
intends to primarily focus on business in its core markets.

About Petro Welt Technologies AG
Petro Welt Technologies AG, domiciled in Vienna, is one of the leading and
first established oilfield services companies in Russia and the CIS and is
specialized in services which increase the productivity of new as well as
existing oil and gas formations.

Contact
Konstantin Huber (Male Huber Friends)
Investor Relations
T: +43 1 503 2 503-29
huber@mhfriends.at

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31-March-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: Petro Welt Technologies AG
Kärntner Ring 11-13
1010 Vienna
Austria
Phone: +43 1 535 23 20-0
Fax: +43 1 535 23 20-20
E-mail: ir@pewete.com
Internet: www.pewete.com
ISIN: AT0000A00Y78
WKN: A0JKWU
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1317385

 
End of Announcement EQS News Service

1317385  31-March-2022 CET/CEST

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