Energy
Tinmar Ind Revenue Up 32% In 2015
Tinmar Ind, the largest private energy trader in Romania, posted RON3.19 billion lei (EUR709 million) revenue in 2015, almost 32% higher than in 2014, the company said.
Conpet Ploiesti Posts RON18M Profit In 1Q/2016
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) reported a net profit of RON18.4 million (EUR4 million) in January-March 2016, which is 40% higher than RON13 million forecasted...
Olchim Posted Profit Of EUR1.3M In 1Q/2016
Romanian chemical plant Oltchim Ramnicu Valcea (OLT.RO) reported a gross profit of EUR1.3 million in the first quarter of 2016, compared with a loss of EUR846,000 in the year-earlier period.
OMV Petrom Sales Drop 17% in 1Q on Sharp Oil Price Decline
Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, on Wednesday reported a 17% year-on-year slump in consolidated sales for the first quarter, mainly due to the...
KMG International To Use All Legal Mechanisms To Protect Rompetrol Investments
KMG and KMG International have not been officially informed, at the time of Rompetrol Group NV shares acquisition, of any investigation involving the company’s operations between 1998 and 20...
Rompetrol Shares Suspended From Trading On Bucharest Stock Exchange
The shares of oil company Rompetrol (RRC.RO) were suspended from trading on Bucharest Stock Exchange at 9:42 local time, after Romanian organized crime prosecution department DIICOT announce...
Prosecutors Levy RON3B Distraint On Petromidia Shares In "Rompetrol II" Case
Romanian organized crime prosecution department DIICOT started investigations in "Rompetrol II" case, levying a RON3 billion distraint on the shares of Petromidia refinery and on the account...
MOL Romania Sales Volume Up 20% In 1Q/2016
Hungarian group MOL's retail sales in Romania (including fuel, liquefied petroleum gas (LPG) and lubricants), grew 20% to 145 kilotons in the first quarter of 2016, from 121 kilotons in the...
Romgaz To Pay Out Dividends Worth RON1B In 2016
Romania’s largest natural gas producer Romgaz (SNG.RO) will pay out dividends worth a total RON1 billion, which translates into a dividend of RON2.7/share.