PETROM
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EBRD Sells 0.4% Stake In OMV Petrom For RON85M
The European Bank for Reconstruction and Development (EBRD) Wednesday sold 20% of its stake in Romanian leading oil company OMV Petrom (SNP.RO) for 84.9 million lei (EUR18.8 million).
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 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.
President Says Romania Is No Longer Willing To Sell Stake In Petrom
Romania is no longer willing to sell 10% of oil company OMV Petrom (SNP.RO) considering the latest developments regarding gas extraction in the Romanian sector of the Black Sea, President Tr...
Petrom Joins The Big League Of Energy Producers
Romanian oil company OMV Petrom (SNP.RO) officially opened its thermal power plant running on natural gas in Brazi (southern Romania) on Tuesday, after a EUR530 million investment, the only...
Petrom CEO Mariana Gheorghe Among The World’s Most Powerful Businesswomen
Mariana Gheorghe, Chief Executive Officer of Romania’s largest oil company OMV Petrom (SNP.RO), has this year joined the ranks of the international elite of executives, debuting at no. 32 in...
U.S. Giants Keep Buying Into Fondul Proprietatea And Petrom
U.S. funds keep buying into Petrom and in Romanian investment fund Fondul Proprietatea, the most valuable companies on the Bucharest Stock Exchange, while other investors are fleeing the mar...
Petrom Sees Energy Imports Rising To 46% Of Consumption By 2030
Romanian energy imports are likely to reach 46% of the total consumption in 2030, according to estimates of dominant oil company OMV Petrom (SNP.RO), which said the country needs more invest...
OMV Petrom 2Q Net Profit Falls To RON643M
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit after minorities fell 29% on the year to 643 million lei (EUR141.6 million) in the second quarter, mostly due t...