Black Sea Oil & Gas is backed by two worldwide reputed investors, The Carlyle Group and The European Bank for Reconstruction and Development (EBRD). The Carlyle Group, through its Carlyle International Energy Partners Fund (CIEP) acquired the company in August 2015 and the EBRD became minority shareholder in November 2017.

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $195 billion of assets under management across 317 investment vehicles as of December 31, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defence & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,600 people in 31 offices across six continents. www.carlyle.com/

CIEP is a $2.5 billion fund that invests in global oil and gas exploration and production, mid & downstream, oil field services and refining and marketing in Europe, Africa, Latin America and Asia.

EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 37 economies across three continents. The Bank is owned by 66 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, inclusive, well-governed, green, resilient and integrated. www.ebrd.com