Energy
Arpechim’s Teardown Spells Doom For Oltchim
OMV Petrom (SNP.RO) may have posted its highest net profit ever and may be focusing on oil, gas and power production but the one of its refineries among the largest in the country, Arpechim,...
Hidroelectrica Sells EUR16M Worth Of Electricity
Romania’s insolvent power producer Hidroelectrica Thursday sold 70.3 million lei (EUR16 million) worth of electricity on the local market OPCOM, energy exchange data showed.
ArcelorMittal Galati Buys 1.86 TWh Of Electricity For RON337M
Romanian steelmaker ArcelorMittal Galati has purchased 1.86 terawatt-hours of electricity from state-run nuclear power company Nuclearelectrica for 337.1 million lei (EUR76.8 million), data...
Petrom CEO: Romania’s Tax System Should Create A "Win-Win Situation"
Romania’s tax system should advantage both the state and the country’s top oil company OMV Petrom (SNP.RO) and 2013 will be the "year of dialog" on the issue with competent authorities, Petr...
Petrom To Tear Down Arpechim Refinery If No Buyer Steps Forward
Romanian oil and gas group OMV Petrom (SNP.RO) Thursday said it will dismantle its unprofitable Arpechim refinery unless it can find a suitable buyer.
Petrom Plans One Month Shutdown At Brazi Plant - Exec
Romanian top oil company OMV Petrom (SNP.RO) has planned a one-month shutdown of its Brazi thermal power plant in the second quarter to install a gas treatment unit, the company’s chief said...
OMV Petrom Plans Salary Increase - CEO
Romania’s top oil company OMV Petrom (SNP.RO) is planning to increase salaries for its employees to reflect the good results of the company, Chief Executive Officer Mariana Gheorghe said Thu...
Romania Petrom’s Contribution To OMV 2012 EBIT Up 9% On Year
Austria’s oil group OMV (OMV.VI) Thursday said its Romanian arm OMV Petrom (SNP.RO) contributed EUR1.27 million to the group’s 2012 earnings before interest and tax, or EBIT, up 9% on the ye...
OMV Petrom Eyes EUR1B Investment In 2013
Romania’s biggest oil and gas company OMV Petrom (SNP.RO) Thursday announced full-year investment of EUR1 billion for 2013, similar to last year’s figure.