OMV PETROM
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OMV Petrom Net Profit Hits Record RON4.82B In 2013
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit rose 22% to a record 4.82 billion lei (EUR1.07 billion) in 2013, fueled by favorable crude oil prices and lower...
Petrom Expected To Announce EUR1 Billion Profit On Wednesday
Romania’s largest company OMV Petrom (SNP.RO) is expected to reveal its 2013 financial results on Wednesday and analysts say that even in a worst-case scenario, its net profit could still ov...
OMV Petrom, Exxon, Sterling Resources Complete Transfer of Midia Block Portion
OMV Petrom (SNP.RO) and ExxonMobil became the titleholders for the deep water portion of the XV Midia Block, after the Romanian government approved the transfer of hydrocarbon exploration an...
What Lies In Store For Romania's Energy Market In 2014
The Romanian state and oil and gas producer OMV Petrom (SNP.RO) are bracing for tough negotiations in 2014 over the royalties charged for Petrom’s oil and gas, Petrom and Exxon will drill th...
Erste Analysts Explain Why Petrom Stocks Are Not Rising
Growth perspectives for the shares of Romania’s largest oil and gas producer OMV Petrom (SNP.RO) are limited because investment fund Fondul Proprietatea and the Romanian state, the company’s...
OMV Petrom To Start Work On Second Black Sea Well
OMV Petrom (SNP.RO), the largest company in Romania, will drill a second deep-water exploration well in the Romanian section of the Black Sea towards the end of the second quarter of next ye...
Petrom Falls 6%, Dragging Bucharest Stocks Lower
The shares of OMV Petrom (SNP.RO) closed 5.59% lower Wednesday, at 0.4511 lei (EUR0.1) per unit following rumors that an investor plans to sell a 0.81% stake in the oil company, and caused t...
OMV Petrom 3Q Net Profit Up 47% To RON1.3B
Romania’s leading oil and gas company OMV Petrom (SNP.RO) Thursday reported a 47% increase in its third-quarter net profit to 1.27 billion lei (EUR286.7 million), helped by higher oil prices...
Most Extensive Retailer: Petrom Boasts Sales Of Over EUR200M Through Its 550 Gas Station Stores
OMV Petrom, the largest company on the Romanian market by turnover, has annual sales of around EUR200 million from non-oil products sold through the country-wide network of 546 gas stations....