Capital Market
OMV Petrom, ExxonMobil Find Significant Gas Discovery In Black Sea Block
Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania Wednesday reported a significant gas discovery at their joint Domino-1 deepwater well in t...
Leu Down Vs Euro, Exchange Rate At 4.3602
Romania’s leu edged lower against the euro by midday Wednesday and the central bank’s reference weakened 0.12% to 4.3602 units, from 4.355 units a day earlier.
Petrom Sees RON404M Hedging Loss In 2011
Romanian oil and gas group OMV Petrom (SNP.RO) on Wednesday said it recorded a loss of 404 million lei (EUR95.3 million) from hedging in 2011, compared to just RON6 million in the previous y...
OMV Petrom To Pay Dividend On Record 2011 Profit
Romanian oil company OMV Petrom (SNP.RO) on Wednesday announced it plans to pay dividend from the record profit achieved in 2011, while the investment budget for 2012 reaches over EUR1 billi...
Leu Opens Flat Vs Euro, Peers Weaken
The leu opened flat against the euro Wednesday, on low traded volumes, while other currencies in the region were losing some ground against the euro.
Bucharest Stocks Open Undecided, Eyes On Petrom
The Bucharest bourse opened Wednesday with a mixed evolution, while half of the turnover was covered by transactions in oil company OMV Petrom (SNP.RO), which announced record profit for 201...
OMV Petrom Reports 1% Rise In 2011 Hydrocarbon Production, To 67.77 Million Boe
Oil company OMV Petrom (SNP.RO) on Wednesday reported that hydrocarbon production for 2012 rose 1% on the year, to 67.77 million barrels of oil equivalent (boe), due to the drilling of new w...
OMV Petrom 2011 Net Profit Jumps 72% To RON3.76B
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit rose 72% to a record 3.76 billion lei (EUR887 million) in 2011, fueled by higher crude oil prices and lower cos...
Bucharest Stocks Close Slightly Up, SIFs Fall
The Bucharest bourse closed mixed Tuesday, on improved traded values, while more than half of the turnover came from deal market trades.