OMV PETROM
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Petrom: Economic Growth Won't Lift Purchasing Power Sooner Than 2012
OMV Petrom (SNP.RO), the biggest company on the oil and gas market, posted growth in sales and profit, even though the market it operates on continued to go down. Repeated pump price hikes a...
OMV Petrom 1Q Investments At RON633M, Down 12% On Year
Romanian oil and gas company OMV Petrom (SNP.RO) Wednesday said it has invested 633 million lei (EUR154.8 million) in the first quarter, 12% less than RON717 million in the year-earlier peri...
Petrom Group 1Q Hydrocarbon Output Up 1% YY, To 16.78M Boe
Romanian oil group OMV Petrom (SNP.RO) Wednesday reported a 1% year-on-year increase in its first quarter hydrocarbon production, driven by higher gas production in Romania and higher hydroc...
OMV Petrom Turns Arpechim Refinery Into Oil Products Terminal
Romanian oil company OMV Petrom (SNP.RO) will permanently shut down the Arpechim refinery over the next several months, turning it into a storage unit for crude and oil products, the company...
OMV Petrom Drops Capital Increase Plan, On Improved Cash Position
Romanian dominant oil company OMV Petrom (SNP.RO) decided to give up its plan for a EUR600 million share capital increase, as its financial position has improved in the past year, the compan...
OMV Petrom Net Profit Rises 4% To RON841M In 1Q
Romania's largest oil company OMV Petrom (SNP.RO) Wednesday reported a net profit of 841 million lei (EUR199 million) in the first quarter, up 4% on the year, fueled by a 27% increase in sal...
Romanian OMV Petrom Sold Green Certificates For EUR37M In 2010
Romanian leading oil company OMV Petrom (SNP.RO) sold 57% of the green certificates it received last year, at an estimated price of EUR37 million.
OMV Petrom To Put Gas Distribution Unit On Sale
Romania's largest oil company OMV Petrom (SNP.RO) will try again to sell natural gas distributor Petrom Distributie Gaze, after a failed attempt in 2008.
OMV Petrom OKs RON0.0177 Dividend From 2010 Profit
Romanian leading oil company OMV Petrom (SNP.RO) Tuesday approved paying out total dividends of over 1 billion lei (over EUR245 million) from the 2010 profit, a shareholder who wished to rem...