PETROM
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Romania To Renegotiate Oil, Gas Royalties Next Year
The ten-year contract between oil and gas company OMV Petrom (SNP.RO) and the Romanian state on royalties expires in 2014 and the question is what the new royalties will be, after the renego...
CE Oltenia Feels Petrom And Romgaz Access To Cheaper Gas Unfair Competitive Edge
Romanian power producer Complexul Energetic Oltenia (CE Oltenia) says the power it generates from coal could be cheaper than the electricity OMV Petrom (SNP.RO) and Romgaz generate from gas...
Petrom Sold 0.2 TWh Of Electricity Worth EUR9M On OPCOM Last Week
Romanian oil and natural gas company OMV Petrom (SNP.RO) signed energy deals worth 39.4 million lei (about EUR9 million) on energy exchange OPCOM at the end of last week. The electricity is...
Petrom CEO: Romania Has Priority For Black Sea Gas
Mariana Gheorghe, CEO of Romania’s largest oil company OMV Petrom (SNP.RO), said Petrom and US ExxonMobil, its partner for deepwater Black Sea exploration, set off talks with Transgaz to ana...
Petrom’s Arpechim Refinery To Turn Into Oil Terminal
Romanian oil and natural gas company OMV Petrom (SNP.RO) will turn a part of installations at its Arpechim refinery into a warehouse for crude oil, Petrom's chief executive officer Mariana G...
OMV Petrom 2Q Net Profit Soars 65% To RON1.1B
Romania's largest oil company OMV Petrom (SNP.RO) Tuesday said its net profit rose 65% on the year to 1.06 billion lei (EUR248.9 million) in the second quarter.
Most Extensive Retailer: Petrom Boasts Sales Of Over EUR200M Through Its 550 Gas Station Stores
OMV Petrom, the largest company on the Romanian market by turnover, has annual sales of around EUR200 million from non-oil products sold through the country-wide network of 546 gas stations....
Why Documents For Black Sea Reserves Of $20B Are Classified
A new addendum with classified content has been added to the concession agreement for oil exploration, development and exploitation in the Neptun block of the Black Sea, with the main explan...
OMV Petrom Completes EUR40M Gas Desulfurization Investment
Romania’s leading oil and gas company OMV Petrom (SNP.RO) said Tuesday it set into operation in July a new natural gas desulfurization installation at its Petrobrazi refinery following an in...