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Romania Names George Baesu In Petrom’s Supervisory Board
The president of Romania’s Property Restitution Authority (ANRP), George Baesu, has been appointed the state’s representative in the Supervisory Board of oil company OMV Petrom (SNP.RO), peo...
Basescu Urges Exxon, OMV-Petrom To Render Romania Regional Hub For Black Sea Operations
Romanian president Traian Basescu Wednesday proposed ExxonMobil and OMV-Petrom’s delegation to render the country a regional hub for zonal operations.
OMV Petrom To Disclose Directors’ Remuneration
Romanian oil company OMV Petrom (SNP.RO) wants to set up a remuneration committee and make public the remuneration of the members of the Executive and Supervisory boards, Sorana Baciu, Strat...
Romania Petrom’s Contribution To OMV 2012 EBIT Up 9% On Year
Austria’s oil group OMV (OMV.VI) Thursday said its Romanian arm OMV Petrom (SNP.RO) contributed EUR1.27 million to the group’s 2012 earnings before interest and tax, or EBIT, up 9% on the ye...
OMV Plans Retail Network Cutbacks In Several Countries, Including Romania
Austrian oil and gas group OMV, the majority shareholder of Romania’s largest company OMV Petrom (SNP.RO), will cut its retail network in several countries, including Romania, over the next...
OMV Head: Shale Gas Must Be Exploited
Romania must exploit shale gas if geological prospecting indicates the existence of significant reserves, said Gerhard Roiss, chief executive officer of Austrian oil and gas group OMV.
OMV Has Great Expectations From Black Sea Concessions
Austrian oil and gas group OMV, the majority shareholder of Romania’s largest company OMV Petrom (SNP.RO), has great expectations from the blocks it prospects in the Black Sea, according to...
OMV To Start New Drilling In Romanian Black Sea In 2013
Austrian oil and gas group OMV next year will start drilling for more hydrocarbon resources at an offshore perimeter in the Romanian Black Sea, an official of the company said Wednesday.
OMV Petrom 3Q Net Profit Down 27% On Year To RON864M
Romania’s leading oil and gas producer OMV Petrom (SNP.RO) Wednesday reported a net profit of 864.5 million lei (EUR191.2 million), down 27% on the year, due to a lower financial result.