OIL
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OMV: Petrom Will Remain An Integrated Company, But Any Fiscal Change Will Affect Investment Plans
Almost one year since becoming chief executive of OMV, Gerhard Roiss gives a few clues about the prospects of Romania's largest oil and gas producer, Petrom, as well as its future challenges...
Petrom In 2021: What The Largest Oil Company In Romania Could Look Like In 10 Years
Petrom, the largest oil company in Romania, is preparing its strategy for the next decade, and the document will be presented this summer, according to the latest available information.
Vegetable Oil Producer Argus Sees Profit Down To Half
Argus Constanta, a top ten vegetable oil producer in Romania, ended last year with 7.9 million lei (EUR1.8 million) net profit, half the 2010 level. The profit decline came after a 30% incre...
Schlumberger Ploiesti Service Base To Operate As Hub For All Eastern European Markets
Schlumberger group, the world’s largest provider of services for the oil and gas industry, has chosen Ploiesti (southern Romania) for a world class facility staffed by 170 people and set to...
US Halliburton Chooses Ploiesti To Open Service Base For Its Oil Industry Customers
US-based Halliburton group, an about $25 billion business with 70,000 employees, which specializes in providing services and equipment to the oil and gas industry, has chosen Ploiesti (south...
Mineral Resources Regulator To Issue Permits For New Blocks
Romanian mineral resources regulator ANRM will issue permits for new oil and gas blocks in the Black Sea, after the government approves agreements concluded in 2010.
New Economy Minister Wants Higher Royalties From Petrom Before 2014
Lucian Bode, the man who has been running the Economy Ministry for about three weeks, overseeing the most valuable state-owned companies in Romania, says in his first media interview that on...
How Come Petrom’s Profit Margins Are Higher Than ExxonMobil And BP’s?
Petrom, the largest company in Romania, left the market in awe on Wednesday when it announced EUR887 million in net profit against EUR5.3 billion revenue. With these financial indicators, Pe...
Petrom Takes Steps To Ensure 70% Profit Growth In 2012: Hikes Diesel Price To RON6/Liter
One liter of diesel oil costs 6 lei (almost EUR1.4) at Petrom’s filling stations as of Thursday, a record high level, after the company raised the price by RON0.09 per liter. The gasoline li...