PETROM
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Dacia Overtakes Petrom With Almost EUR4.2B Revenue in 2013
Automobile Dacia posted 18.4 billion lei (EUR4.15 billion) revenue in 2013, an increase of 45% on 2012 and the best result ever for the automaker in Mioveni, southern Romania, which saw a re...
Petrom’s Oil And Gas Output Declined Despite EUR7B Investments
Petrom, Romania’s only oil and gas producer, is set to step up exploration activities on the medium and long term after the company has focused, since privatization, on deposits already unde...
OMV: Petrom’s Gas Sales Down 18% On Year In 1Q/2014
Romanian leading oil and gas company OMV Petrom (SNP.RO) reported 18% lower gas sales volumes to 13.47 terawatts per hour in the first quarter of 2014, mostly due to a milder winter and weak...
Petrom Came Out Of Crisis With 5.5 Times Higher Profit And 9,300 Fewer Employees
OMV Petrom (SNP.RO), the largest company in Romania ended the five years of crisis, 2009-2013, with an all-time high profit of more than EUR1 billion. The profit was 5.5 times higher than in...
Government To Collect Highest Dividends From Listed Companies: RON1.57B
Romania's government via the Finance Ministry will get more than 1.57 billion lei (EUR351 million) in dividends from listed companies this year, more than one third of the total dividends pa...
OMV Petrom To Pay 10% Higher Dividend, Totaling RON1.7B
Romania's largest oil and gas group OMV Petrom (SNP.RO) plans to pay out its shareholders total dividends worth RON1.74 billion, up 10% on the year, representing 36% of its record profit of...
Petrom’s Chief: Other Companies Can Make EUR1B Profit Too
OMV Petrom’s chief Mariana Gheorghe says the employees were the drivers behind the company’s record EUR1 billion profit in 2013 and sees no reason other Romanian businesses cannot report sim...
OMV Petrom To Pay Special Construction Tax Of Up To $100M
OMV Petrom (SNP.RO), Romania's largest oil and gas group, will pay $70 million to $100 million in taxes for special constructions, company financial manager Andreas Matje said Wednesday.
Petrom: Romania Fuel Sales To Drop 1%-3% Due To New Excise Duty
Romania’s planned new excise tax on fuels will likely trigger a 1% to 3% annual decline in local fuel sales, OMV Petrom’s chief executive Mariana Gheorghe said Wednesday.