OMV
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Each Employee Of OMV Petrom Gas Brought Over EUR700,000 In Profit In 2011
Each employee of OMV Petrom Gas, Alpiq RomEnergie and British Tobacco brought their companies net profit ranging between EUR250,000 and EUR722,000 in 2011, these being the most profitable em...
Franklin Templeton Buys Petrom Stock Every Day
The emerging market funds managed by Franklin Templeton are buying OMV Petrom (SNP.RO) shares every day, according to the reports of brokerage firms.
OMV: Petrom Will Remain An Integrated Company, But Any Fiscal Change Will Affect Investment Plans
Almost one year since becoming chief executive of OMV, Gerhard Roiss gives a few clues about the prospects of Romania's largest oil and gas producer, Petrom, as well as its future challenges...
OMV Petrom Indicted In 2010 Explosion Case
Romanian leading oil company OMV Petrom (SNP.RO) has been indicted by prosecutors in a case regarding the severe injury of two people in a blast that took place in December 2010.
OMV Books EUR120M Provision In 4Q For Petrom Fine
Austrian oil and gas group OMV Friday said it booked a special charge of some EUR120 million in the fourth quarter of 2011, for the fine imposed by Romanian competition authorities to OMV Pe...
Romania In Advanced Talks With OMV To Buy Arpechim Refinery
Romanian authorities are carrying advanced negotiations to purchase the Arpechim refinery from oil company OMV Petrom (SNP.RO), local officials in Arges County said Monday.
Petrom’s CFO About The Crisis: That’s The Interesting Part Of Our Job
Daniel Turnheim is the youngest member of the management of Petrom (SNP.RO). He took over as chief financial officer a year ago. The 36-year old executive’s appointment came at a time when t...
Petrom Announces Highest Profit Ever. Austrian Owners Win, Local Economy Loses
Profit chain: Fuels become more expensive. OMV Petrom (SNP.RO) makes higher profit. Austrian-held OMV, which owns 51% in Petrom, makes even more money. The government gains something, too, t...
The Story Of Petromservice’s Insolvency
Four years after Austria’s OMV paid EUR328 million to Sorin Ovidiu Vantu to take over Petromservice, two questions remain unanswered: why did the Austrian company pay so much to take over th...