OMV PETROM
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Fondul Proprietatea Won’t Sell Petrom Shares Any Time Soon
A sale of a significant stake in OMV Petrom (SNP.RO) by Fondul Proprietatea (FP.RO) is in its early stages and will not happen any time soon, according to Franklin Templeton, the manager of...
Contracts With McDonald’s And Petrom Drove Havi Logistics To Over RON500M In Revenue
Havi Logistics, a major player on the Romanian logistics market after signing a contract with OMV Petrom Marketing in 2012, last year went beyond the 500 million lei mark (EUR113 million) in...
OMV Petrom Invests EUR18M To Upgrade Fuel Terminal
Romania’s largest oil company OMV Petrom (SNP.RO) has completed an investment of around EUR18 million in upgrading its fuel terminal in the northeastern city of Bacau, the company said Wedne...
OMV Petrom Expects 18.6% Lower Profit In 2014
Romanian dominant oil company OMV Petrom (SNP.RO) expects its net profit will fall 18.6% to 3.93 billion lei (EUR878 million) in 2014, hurt by lower sales, the company said in its revenue an...
OMV Petrom Consolidates Support Services Into New Center
Romania’s leading oil and gas company OMV Petrom (SNP.RO) will transfer part of its support services to a newly established service center which will provide support services to both Petrom...
OMV Petrom Might Pay Highest Dividends Ever In 2014
OMV Petrom (SNP.RO) might pay the highest dividends ever in 2014 after posting record net profit last year, 4.82 billion lei (EUR1.07 billion).
Fondul Proprietatea Mulls Selling 4% Stake In OMV Petrom
Investment fund Fondul Proprietatea (FP.RO) is considering the sale of a minimum 4% stake in Romania's largest oil and gas group OMV Petrom (SNP.RO), evaluated at around 997 million lei (EUR...
OMV Petrom Sells RON8.5M Worth Of Natural Gas On Commodities Exchange
Romanian OMV Petrom Gas, a unit of the country’s largest oil and gas group OMV Petrom (SNP.RO), last week sold natural gas worth 8.5 million lei (EUR1.88 million) on the national commodities...
Petrom Should Be Worth EUR10B Based On Its 2013 Record Profit
The record 2013 net profit Romania’s largest company OMV Petrom (SNP) announced on Wednesday, 4.82 billion lei (EUR1.09 billion), should drive its value to more than EUR10 billion if conside...