PETROM
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OMV Petrom 2Q Gas Sales Fall 35% On Quarter
Romanian leading oil company OMV Petrom (SNP.RO) reported a 35.6% decline in natural gas sales volumes to 11.16 Terawatts per hour in the second quarter, largely due to restructuring at its...
Siemens Romania GM Joins Petrom’s Executive Board
Romania’s largest oil company Petrom (SNP.RO), part of Austrian group OMV, on Friday said Cristian Secosan, general manager of Siemens Romania, will become member of its Executive Board star...
Petrom Ups Pump Prices By RON0.08/Liter
Romania's largest oil company OMV Petrom (SNP.RO) on Monday increased pump prices for gasoline and diesel oil by RON0.08 (EUR0.0176) per liter, after five consecutive price cuts.
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.
Imports To Reach Half Of Romania's Energy Demand In 2030
Romania’s energy independence will be reduced and imports will reach 40%-50% of total consumption in 2030, due to higher demand for primary energy and the natural decline of the local hydroc...
OMV Petrom Plans To Invest Up To EUR1.2B/Year By 2014
OMV Petrom (SNP.RO) said Tuesday it will invest EUR800 million – EUR1.2 billion a year by 2014, particularly in exploration and production, if the business environment is favorable to invest...
Oil Price Falls 24% In Three Months, Gasoline Price In Romania Up 2%
No local oil company has announced plans to cut pump prices, despite the drop of the Brent oil barrel below $100 in the past week, to the January 2011 level, and despite the 24% decline reco...
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...