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Exxon and Petrom’s $850M Black Sea Contracts: 70% to U.S. Companies, Only 0.1% To Romania
Energy

Exxon and Petrom’s $850M Black Sea Contracts: 70% to U.S. Companies, Only 0.1% To Romania

ExxonMobil and Romania’s largest company Petrom, have awarded contracts of almost $850 million since the start of deep-sea works in the Romanian section of the Black Sea, according to data c...

Tudor Ioana Raluca · 05.08.2013 · 07:28 · 2 min
Romania’s 100 Most Profitable Companies Make EUR3.7B Profit
Companies

Romania’s 100 Most Profitable Companies Make EUR3.7B Profit

The most profitable companies in Romania posted EUR3.755 billion net profit together last year. OMV Petrom (SNP.RO) was the top profit maker, with its EUR864.1 million accounting for 23% of...

Tudor Ioana Raluca · 15.07.2013 · 08:40 · 1 min
Petrom To Award EUR450M Oilfield Infrastructure Contracts
Energy

Petrom To Award EUR450M Oilfield Infrastructure Contracts

Romania’s leading oil and gas company OMV Petrom (SNP.RO) plans to commission infrastructure works of up to EUR450 million for the redevelopment of seven mature onshore oil fields, the compa...

Florentina Dragu · 10.07.2013 · 13:23 · 1 min
OMV Petrom, ExxonMobil Complete 3D Seismic Survey In The Black Sea
Energy

OMV Petrom, ExxonMobil Complete 3D Seismic Survey In The Black Sea

ExxonMobil Exploration and Production Romania and oil company OMV Petrom (SNP.RO) completed a large 3D seismic survey in the Black Sea covering over 6,000 square kilometers in the deepwater...

Ioana Tudor · 25.06.2013 · 10:36 · 1 min
ExxonMobil Awards Biggest Romanian Contract To US Company
Energy

ExxonMobil Awards Biggest Romanian Contract To US Company

ExxonMobil has awarded Texas-based Diamond Offshore Drilling a $532 million contract for drilling services in the Neptun block in the Black Sea, which it operates in partnership with OMV Pet...

Oana Gavrila · 25.06.2013 · 00:00 · 1 min
Five Companies To Pay RON2.53B Dividends By End June
Companies

Five Companies To Pay RON2.53B Dividends By End June

OMV Petrom (SNP.RO), Fondul Proprietatea (FP.RO), Transgaz (TGN.RO), SIF Moldova (SIF2.RO) and Transelectrica (TEL.RO) are due to begin dividend payment in the next two weeks and will thus u...

Oana Gavrila · 12.06.2013 · 07:52 · 1 min
100 Largest Importers In Romania Account For 40% Of Total Imports
Companies

100 Largest Importers In Romania Account For 40% Of Total Imports

The 100 largest importers account for almost 40% of the total imports or more than EUR21 billion euros, according to the National Statistics Institute.

Oana Gavrila · 12.06.2013 · 07:50 · 3 min
SIF Oltenia Buys 0.09% Of Petrom From Fondul Proprietatea For RON20M
Capital Market

SIF Oltenia Buys 0.09% Of Petrom From Fondul Proprietatea For RON20M

Romanian regional investment fund SIF Oltenia (SIF5.RO) bought a 0.09% stake in OMV Petrom (SNP.RO) for about 20 million lei (EUR4.6 million) from Fondul Proprietatea (FP.RO).

Ioana Tudor · 20.05.2013 · 11:58 · 1 min
Proprietatea Fund Sells 1.11% In OMV Petrom For RON247M
Capital Market

Proprietatea Fund Sells 1.11% In OMV Petrom For RON247M

Romanian investment fund Fondul Proprietatea (FP.RO) has sold 1.11% of a planned stake of 1.77% in leading oil company OMV Petrom (SNP.RO) for a total 246.6 million lei (EUR56.8 million), th...

Florentina Dragu · 17.05.2013 · 16:59 · 1 min