OMV PETROM
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OMV Petrom Sells Gas Distribution Firm To Ligatne
Romanian oil and natural gas company OMV Petrom (SNP.RO) sold its 99.99% stake in natural gas distributor Petrom Distributie Gaze to Ligatne, controlled by a firm registered in Cyprus.
OMV Petrom To Invest EUR90M In Oprisenesti Field Redevelopment
Romania’s largest oil and gas group OMV Petrom (SNP.RO) plans to invest about EUR90 million by the end of this year to redevelop its Oprisenesti oil field in the eastern county of Braila, th...
OMV Petrom 1Q Net Profit Down 4% To RON1.33B
Romania's largest oil company OMV Petrom (SNP.RO) Tuesday reported a first-quarter net profit of 1.33 billion lei (EUR308 million), down 4% on the year, as sales declined.
OMV Petrom Plans RON6.4B Investment In 2013
Romania’s leading oil and gas company OMV Petrom (SNP.RO) plans full-year investments of 6.4 billion lei (EUR1.8 billion) for 2013, largely targeting exploration and production operations, a...
New Government Representatives Officially Appointed To Petrom Supervisory Board
The new representatives of the government to the supervisory board of oil company OMV Petrom (SNP.RO) have been officially confirmed by shareholders Monday.
OMV Petrom, ExxonMobil See Black Sea Gas Production At 6.5 Bcm/Year
Romanian dominant oil company OMV Petrom (SNP.RO) Thursday said that natural gas output at a deepwater well in the Black Sea developed together with ExxonMobil could reach as much as 6.5 bil...
OMV Petrom To Invest EUR200M In Suplacu Redevelopment By 2015
Romanian leading oil company OMV Petrom (SNP.RO) will invest in the 2013-2015 period around EUR200 million in redevelopment works at its Suplacu field in the northwestern locality of Barcau,...
OMV Petrom Shuts Down Brazi Power Plant Due To Cold Weather
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it had to shut down its thermal power plant in Brazi because of low natural gas pressure following an unseasonal cold snap.
OMV Petrom Expects 15% Higher Profit In 2013
Romanian oil company OMV Petrom (SNP.RO), owned by Austria’s OMV, expects sales revenues of 17.21 billion lei (EUR3.89 billion) in 2013, down 10% from RON19.12 billion last year, and net pro...