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OMV PETROM

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ExxonMobil Ends Year With EUR72M Losses In Romania
Energy

ExxonMobil Ends Year With EUR72M Losses In Romania

ExxonMobil, which signed a deal to explore the deep water sector of the Neptun Block in the Black Sea with OMV Petrom, the only oil and gas producer in Romania in 2008, ended last year with...

Loredana Frățilă-Cristescu · 20.07.2016 · 00:00 · 1 min
OMV Petrom Sold EUR500M Worth Of Coffee And Sandwiches In 2015
Capital Market

OMV Petrom Sold EUR500M Worth Of Coffee And Sandwiches In 2015

OMV Petrom, the largest retailer of gas and diesel in Romania, posted about 2.2 billion lei (EUR500 million) revenue from non-oil products and services last year.

Loredana Frățilă-Cristescu · 13.06.2016 · 00:00 · 1 min
OMV Petrom, Romgaz And Transgaz Subject To EC Inspection In Potential Natural Gas Export Hindering Case
Social/Politics

OMV Petrom, Romgaz And Transgaz Subject To EC Inspection In Potential Natural Gas Export Hindering Case

Officials of the European Commission’s Directorate General for Competition and of the Competition Council in Romania on June 6 carried out unannounced inspections at the premises of Romgaz,...

Loredana Frățilă-Cristescu · 08.06.2016 · 00:00 · 1 min
OMV Petrom Sales Drop 17% in 1Q on Sharp Oil Price Decline
Energy

OMV Petrom Sales Drop 17% in 1Q on Sharp Oil Price Decline

Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, on Wednesday reported a 17% year-on-year slump in consolidated sales for the first quarter, mainly due to the...

Oana Gavrila · 11.05.2016 · 10:42 · 2 min
OMV Petrom Loses Antitrust Suit
Energy

OMV Petrom Loses Antitrust Suit

Romania's High Court of Justice ruled irrevocably that oil company OMV Petrom breached antitrust regulations by forming a cartel with other oil companies, Competition Council said in a state...

Gabriela Stan · 22.04.2016 · 13:39 · 1 min
OMV Petrom, Third Biggest Decline In Revenue Among Region’s Heavyweights
Energy

OMV Petrom, Third Biggest Decline In Revenue Among Region’s Heavyweights

No company in the oil business was able to escape the fallout of the decline in oil price in 2015, so the ten largest energy industry actors in Central and Eastern Europe ended 2015 with EUR...

Loredana Frățilă-Cristescu · 20.04.2016 · 10:30 · 1 min
Franklin Templeton Keeps Selling OMV Petrom Shares
Capital Market

Franklin Templeton Keeps Selling OMV Petrom Shares

Investment fund Franklin Templeton Frontier Markets on Monday announced that it had sold 654,892 shares of oil and gas company OMV Petrom (SNP.RO) within trading sessions on March 8, 10 and...

Ecaterina Craciun · 14.03.2016 · 20:26 · 1 min
Energy

OMV Petrom, Petrofac Agree On Early Termination Of Contract For Boosting Crude Oil Production In Ticleni Area

Romania’s largest oil company OMV Petrom (SNP.RO) has agreed with Petrofac, upon the latter’s request, on the early termination of the contract for boosting crude oil production in Ticleni a...

Gabriela Stan · 24.02.2016 · 17:51 · 1 min
OMV Petrom To Reduce Crude Oil Output By 4% In 2016
Energy

OMV Petrom To Reduce Crude Oil Output By 4% In 2016

Romania’s largest company OMV Petrom (SNP.RO) will reduce its crude oil output by 4% in 2016, after having extracted 65.19 million barrels of oil last year, 1% lower than in 2014, Gabriel Se...

Ecaterina Craciun · 18.02.2016 · 17:11 · 1 min