OMV PETROM
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OMV Petrom Invests EUR46M in Petrobrazi Refinery
Oil and gas company OMV Petrom has invested EUR46 million starting 2017 to upgrade the coker unit at its Petrobrazi refinery, the company said in a statement Wednesday.
Christina Verchere, OMV Petrom CEO: We Need Solid Guarantees to Start Black Sea Gas Drilling
The natural gas project in the Black Sea is extremely valuable, but solid guarantees, predictability and fiscal and legislative stability are needed for it, says Christina Verchere, CEO of O...
Petrom: Romania Was Net Power Importer In 1Q/2019; National Production Down 11% YoY In 1Q/2019
Romania became a net power import in the first quarter of 2019, which is a first for the Romanian market, considering the problems in the field of production, OMV Petrom, the largest oil and...
Petrom: Legislative Environment Fails To Provide Necessary Premises For Neptun Deep Investment Decision
The current legislative environment does not provide the necessary prerequisites for a multi-billion investment decision regarding Neptun Deep natural gas perimeter, OMV Petrom said Friday i...
OMV Petrom Sales Up 11% YoY To RON5.4B; Net Profit Up 35% YoY To RON1.15B In 1Q/2019
Romania's oil and gas company OMV Petrom (SNP.RO) on Friday said its total sales, excluding petroleum excise tax, reached RON5.42 billion in the first quarter of 2019, up 11% compared to the...
OMV Petrom Shareholders Approve RON4.17B Investment Budget For 2019
Shareholders of OMV Petrom (SNP.RO) approved Friday, within their ordinary general meeting, the company’s budget for 2019, which envisages investments of approximately RON4.17 billion in 201...
Petrom Invests Nearly EUR65M In New Polyfuel Unit At Petrobrazi Refinery
OMV Petrom (SNP.RO) has commissioned the new Polyfuel unit within Petrobrazi refinery, using an innovative technology to convert LPG and low-grade light gasoline into high-value petroleum pr...
OMV Petrom Hydrocarbon Output Falls Slightly In 1Q/2019
OMV Petrom's total hydrocarbon output decreased slightly in the first quarter of 2019, to 153,000 barrels a day (boe/d), compared with 156,000 boe/d in the fourth quarter of 2018 and 162,000...
OMV Petrom To Put 51 Other Marginal Fields Up For Sale By End-2019
Romania's oil and gas company OMV Petrom (SNP.RO) on Friday said it will remain focused on the most profitable fields in 2019 and 51 other marginal fields will be put up for sale.