OIL
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Oscar Downstream: 2020 Our Best Year Ever
Oscar Downstream, the largest entrepreneurial business in the oil product sector in Romania, saw its net profit grow 3.4 times to RON155 million, as the company managed toe expand its custom...
Lukoil Romania Revenue Shrinks 20% in 2020
Lukoil Romania, the company that operates the retail business and the 320 gas stations of Russia’s Lukoil group in Romania, ended last year with RON5.9 billion (some EUR1.23 billion) revenue...
Oil Equipment Manufacturer Cameron Romania Doubles Profit to RON255M in 2018
Cameron Romania, which makes oil industry equipment, posted 128% increase in net profit to 255 million lei (EUR54 million), Finance Ministry data show, and its net profit margin stood at 20%...
EC Refers Romania To Court For Not Implementing EU Rules On Alternative Fuels Infrastructure
The European Commission on Thursday decided to refer Romania and Malta to the European Union’s Court of Justice as the two countries failed to notify their national policy frameworks under t...
Tradeville: Romgaz Likely To Pay Gross Dividend Of RON2.52/Share, At 9% Yield
The shares of oil, gas and energy producers started to revive on the stock market at the end of 2016, after nearly three years of strong decline, considering that oil and gas company OMV Pet...
2016 In Review: Ten Most Important Events In Energy, Oil And Gas Industry
The energy sector has been a thrill to watch in 2016, peppered with complex investigations, insolvencies and exit therefrom, major deals and unusually many changes at the top of the sector h...
Dutch Businessman Becomes Newest Oil Producer In Romania
Edward van Kersbergen and Mazarine Energy, the company whose majority shareholder the Dutch businessman is, became the newest oil producer in Romania last week after taking over 19 oil and g...
Grup Servicii Petroliere Looks For Contracts In Russia And Iran
Businessman Gabriel Comanescu is negotiating contracts in Iran, Egypt and Russia to put his Grup Servicii Petroliere (GSP) offshore drilling rigs to work.
With Oil Price Headed To $20, OMV Petrom Is Better Off Importing, Analysts Say
The oil price dropped to less than $30 last week, something that did not happen even when Lehman Brothers collapsed in the fall of 2008.