OIL
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Bulgaria’s Oliva AD Buys Vegetable Oil Producer Argus Constanta
Constanta-based vegetable oil producer Argus, with more than 80 years of presence on the market and the sixth largest actor on local vegetable oil market by 2024 revenue, will become part of Buildcom EOOD, affiliated to Oliva AD, the largest sunflower oil prod...
Conpet Ploiesti Posts RON267M Revenue, RON26M Net Profit In H1 2024
National oil transporter by rail Conpet Ploiesti (COTE.RO) posted RON267 million revenue in the first half of 2024, up from the RON241 million of the year-ago period, while the net profit sh...
Argus Constanta Losses Halve To RON11.6 Milion In H1 2024
Vegetable oil producer Argus Constanta (UARG.RO), 91.4% held by Infinity Capital, posted RON11.6 million loses in the first half of 2024, down from the RON22 million losses of the year-ago p...
Foraj Sonde Videle Signs EUR90M Contract With OMV Petrom
Oil drilling company Foraj Sonde Videle (FOJE.RO) has signed a framework contract for onshore drilling with OMV Petrom (SNP.RO), Romania’s only oil and natural gas producer, it said in a rep...
Eurostat: Romania, Among The Top Three Oil Producers In The EU In 2021
After reaching a record high of 96.78% in 2020, the import dependency for the entire family of crude oil and petroleum products declined to 91.67% in 2021, according to a Eurostat report.
Oil, Gas Companies and Refiners Likely to Be Subjected to New 2022 and 2023 Profit Tax
Companies operating in the field of oil and gas extraction or those involved in oil product manufacturing are likely to be subjected to a new tax on 2022 and 2023 profit, in line with a draf...
Rompetrol Rafinare Ships Almost $1B of Oil Products in Region in 2021
Rompetrol Rafinare (RRC.RO), the operator of the Petromidia Navodari and Vega Ploiesti refineries, exported $960 million worth of oil products in the region to the subsidiaries of KMG Intern...
Fuel Supplier Artoil Revenue up 45% to EUR145M in 2021
Timisoara-based fuel supplier Artoil posted revenue of EUR145 million in 2021, up 45% on the previous year, the company said.
Poland’s PKN Orlen Said to Be Looking at Oil and Gas Assets in Romania
The Petromidia refinery, the most important asset of Kazakhstan’s KazMunayGas in Romania, as well as assets in the hydrocarbon production area of OMV Petrom, are on the radar of Poland’s PKN...