Sterling Resources to sell Romanian gas assets to Carlyle: Reuters

U.S. private equity firm Carlyle Group has agreed to buy Sterling Resources' Romanian gas fields, days after it raised US$2.5 billion to snap up energy assets around the world, Reuters reported. Sterling, a Calgary-based oil and gas company, will receive US$42.5 million from Carlyle's international energy fund for its entire Romanian operations as it struggles to stay afloat following the recent drop in oil prices.

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