OMV PETROM
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OMV Petrom: Romania Needs EUR60B Investment In Oil&Gas Industry
Romania may need financing of up to EUR60 billion to capitalize its oil and natural gas resources, double the amount estimated by the authorities for the entire energy sector by 2030, an off...
OMV Petrom Received EUR3.4 Worth Of Green Certificates In 1Q
The first-quarter electricity production of Dorobantu wind farm brought OMV Petrom (SNP.RO) 61,763 green certificates, which might be valued at EUR3.39 million at current market prices, Roma...
OMV Petrom Could Build A New Power Plant
Romania’s dominant oil company OMV Petrom (SNP.RO), controlled by Austria’s OMV, could build a second gas-fired thermal power plant, following the construction of an 860 MW plant in Brazi du...
OMV Demands RON92M From Romania In International Arbitration Court
Austrian group OMV, the majority shareholder of Romanian oil company OMV Petrom, has filed a claim against the Romanian state with the International Court of Arbitration in Paris, demanding...
Gas Price Regulation Might Strike At Investment - Petrom CEO
Current gas prices in Romania create an unsustainable situation that could impact investment on this segment, including the activity of the thermal power producer built by OMV Petrom (SNP.RO...
OMV Petrom Is A Driver For Romania's Economy - CEO
OMV Petrom (SNP.RO) is a pillar of stability and a trustworthy partner for Romania's economy, especially when it comes to the taxes paid, energy supply to consumers and investment, chief exe...
Petrom Cut Staff By 7% In 2011, To 22,912 Employees
Romanian oil and gas group OMV Petrom (SNP.RO) on Wednesday said that its employee numbers dropped by 7% last year, to 22,912, reaching less than half of staff numbers seen in 2004, when the...
Petrom Sees RON404M Hedging Loss In 2011
Romanian oil and gas group OMV Petrom (SNP.RO) on Wednesday said it recorded a loss of 404 million lei (EUR95.3 million) from hedging in 2011, compared to just RON6 million in the previous y...
OMV Petrom To Pay Dividend On Record 2011 Profit
Romanian oil company OMV Petrom (SNP.RO) on Wednesday announced it plans to pay dividend from the record profit achieved in 2011, while the investment budget for 2012 reaches over EUR1 billi...