Energy
Upetrom 1 Mai To Focus On Production Of Green Energy Equipment
Gabriel Comanescu, the owner of the Upetrom group, bets on production of green energy equipment at Upetrom 1 Mai and tries to consolidate the position of Grup Servicii Petroliere, the leadin...
Bucharest Authorities Approve Memorandum To Take Over ELCEN
The Bucharest Council on Thursday approved a memorandum whereby thermal power producer ELCEN will be taken over by the City Hall.
SIF Oltenia, Franklin Templeton Buy Stakes In OMV Petrom
SIF Oltenia (SIF5.RO) and funds managed by Franklin Templeton, administrator of Fondul Proprietatea (FP.RO), bought Wednesday shares in Romanian leading oil and gas company OMV Petrom (SNP.R...
Mariana Gheorghe: We Have 2,000 Middle Managers Who Could Take Top Position At Petrom
OMV Petrom (SNP.RO) has gone through a major transformation in the past few years and, but there is still a lot more to be done, as 1,500 projects are in the course of implementation, says M...
Petrom Names New Chief Financial Officer
OMV Petrom (OMV.RO), the largest company in Romania, will have a new chief financial officer as of next year after its current CFO Daniel Turnheim stepped down before the end of his term on...
EBRD Sells 0.4% Stake In OMV Petrom For RON85M
The European Bank for Reconstruction and Development (EBRD) Wednesday sold 20% of its stake in Romanian leading oil company OMV Petrom (SNP.RO) for 84.9 million lei (EUR18.8 million).
OMV Petrom Invests EUR26M In New Fuel Terminal
Romanian OMV Petrom (SNP.RO), the largest oil and gas company in Southeastern Europe, opened Tuesday a fuel terminal in Isalnita, some 240 km west of Bucharest, following a EUR26 million gre...
Petrom: Our Biggest Wells Are In The Black Sea
The biggest of the 9,000 wells that OMV Petrom (SNP.RO) drills in 240 commercial oil and gas fields can be found in the Black Sea, an area that already generates 20% of the company’s hydroca...
Romania Ups Asking Price On Electrica’s Stakes In Enel Units
Romania’s government has increased its asking price for two minority stakes in two Electrica units controlled by Italian utility Enel to EUR124.6 a share from EUR107.07 previously, according...