PETROM
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OMV Petrom's Output Down In 1Q, But Gas Sales Rise
The hydrocarbon production of Romania's largest oil and gas company OMV Petrom (SNP.RO) fell slightly in the first quarter, due to severe weather conditions, according to a trading statement...
A Free Gas Market Could Bring Higher Royalties
As Romania could cover its gas consumption needs from its own resources over the next few years, the royalties collected by the state could in turn rise, especially against the backdrop of t...
OMV Petrom Eyes RON3.78B Net Profit In 2012
Romanian leading oil company OMV Petrom (SNP.RO) Tuesday estimated its net profit will rise to a new record high of 3.784 billion lei (EUR867.8 million) in 2012, despite slightly lower sales...
Petrom To Pay Almost Half Of 2011 Profit As Dividend
Romanian dominant oil company OMV Petrom (SNP.RO) Friday proposed paying out a gross dividend of 0.031 lei (EUR0.007) a share from the 2011 profit, 75% higher on the year.
Romania Undecided About A Second Go At Petrom Stake Sale
The Romanian government is analyzing whether it would be opportune to reschedule the sale of a minority stake in dominant oil company OMV Petrom (SNP.RO), following a failed attempt in 2011,...
Basescu: I Severed All Ties With Petrom, Its Policy Is Unfair
Romanian President Traian Basescu on Sunday said he severed all ties with leading oil company OMV Petrom (SNP.RO) in protest over the profit the company registered during the crisis.
Erste: Petrom To Get Boost From Brent Oil Price Hikes
The average price of Brent oil will rise to $123 per barrel this year, compared to $111 per barrel last year, which is good news for oil companies such as OMV Petrom (SNP.RO), an Erste Group...
New Economy Minister Wants Higher Royalties From Petrom Before 2014
Lucian Bode, the man who has been running the Economy Ministry for about three weeks, overseeing the most valuable state-owned companies in Romania, says in his first media interview that on...
Petrom: Romania May Break Free From Dependence Of Natural Gas Imports
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its latest hydrocarbon discovery in the Black Sea could reduce or altogether eliminate the country’s dependence on gas imports...