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OMV PETROM

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OMV Petrom Reaches Five Natural Gas Exploration Wells In Black Sea
Energy

OMV Petrom Reaches Five Natural Gas Exploration Wells In Black Sea

OMV Petrom, the only oil and gas producer in Romania, and its partner, US ExxonMobil, have reached five exploration wells in the Black Sea, some completed and others in progress. Each such w...

Loredana Frățilă-Cristescu · 29.05.2015 · 00:00 · 2 min
Banks-Insurance

BCR To Provide Cash Management Services To OMV Petrom

Romanian lender Banca Comerciala Romana (BCR) will provide cash management and trade finance services to oil and gas company OMV Petrom (SNP.RO) starting this year, the lender said in a stat...

Gabriela Stan · 28.05.2015 · 11:00 · 1 min
Energy

OMV Petrom Net Profit Falls 68% In First Quarter

Romania’s leading oil and gas company OMV Petrom (SNP.RO) Monday reported a 68% drop in its net profit for the first quarter, as sales were impacted by lower oil prices.

Bogdan Neagu · 18.05.2015 · 09:37 · 1 min
Who Is OMV Petrom’s New Strategy Director
Energy

Who Is OMV Petrom’s New Strategy Director

Romania’s largest oil and gas producer, OMV Petrom (SNP.RO), appointed Mihaela Urzica as strategy, corporate development and investor relations director this March.

Loredana Frățilă-Cristescu · 05.05.2015 · 00:00 · 1 min
Energy

OMV Petrom Mulls Refinancing EUR930M Loan Contracted In 2011

Romanian oil and natural gas company OMV Petrom (SNP.RO) has started talks with local and international banks to refinance a credit line worth EUR930 million, contracted back in 2011, the co...

Gabriela Stan · 21.04.2015 · 19:45 · 1 min
OMV Petrom Sees 40% Lower Profit In 2015, Shaves 12% Off Investment Budget
Energy

OMV Petrom Sees 40% Lower Profit In 2015, Shaves 12% Off Investment Budget

OMV Petrom (SNP.RO) is preparing to endure a whole year of low oil prices and has budgeted 1.1 billion lei (EUR249 million) in net profit for 2015, 40% lower than in 2014, which in turn was...

Loredana Frățilă-Cristescu · 06.04.2015 · 23:38 · 1 min
Energy

Petrom Cuts Dividend Payout

Romania’s largest oil&gas company OMV Petrom (SNP.RO) plans to pay a gross dividend of 0.112 lei (EUR0.025) per share from 2014 profits, almost three times lower than last year.

Bogdan Neagu · 25.03.2015 · 11:31 · 1 min
OMV Petrom Names New Board Member
Energy

OMV Petrom Names New Board Member

The Supervisory Board of Romanian oil and natural gas company OMV Petrom (SNP.RO) has put Lacramioara Diaconu-Pintea in charge of its gas and power unit and renamed the company’s business di...

Ecaterina Craciun · 25.03.2015 · 10:29 · 1 min
OMV Petrom Board Member In Charge Of Gas&Power Leaves
Energy

OMV Petrom Board Member In Charge Of Gas&Power Leaves

Cristian Secosan, member of the OMV Petrom board responsible for gas and power, is about to end his term almost two and a half years after taking the position. The gas and power unit perform...

Loredana Frățilă-Cristescu · 09.03.2015 · 00:00 · 1 min