PETROM
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How Come Petrom’s Profit Margins Are Higher Than ExxonMobil And BP’s?
Petrom, the largest company in Romania, left the market in awe on Wednesday when it announced EUR887 million in net profit against EUR5.3 billion revenue. With these financial indicators, Pe...
Petrom Takes Steps To Ensure 70% Profit Growth In 2012: Hikes Diesel Price To RON6/Liter
One liter of diesel oil costs 6 lei (almost EUR1.4) at Petrom’s filling stations as of Thursday, a record high level, after the company raised the price by RON0.09 per liter. The gasoline li...
Petrom: Romania Gas Market Up 3% In 2011, Fuel Market Steady On Year
Romanian natural gas market rose 3% to 14.2 billion cubic meters in 2011, helped by growing demand from industrial consumers, oil company OMV Petrom (SNP.RO) said Wednesday.
OMV Petrom, ExxonMobil Find Significant Gas Discovery In Black Sea Block
Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania Wednesday reported a significant gas discovery at their joint Domino-1 deepwater well in t...
OMV Petrom 2011 Net Profit Jumps 72% To RON3.76B
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit rose 72% to a record 3.76 billion lei (EUR887 million) in 2011, fueled by higher crude oil prices and lower cos...
Petrom Expected To Announce Record Profit. Shares Gained 30% Since Start Of The Year
The largest company in Romania is expected to report a net profit ranging between EUR830 to EUR900 million on Wednesday, the largest ever made in the Eastern European country.
OMV Petrom, ExxonMobil Announce Hydrocarbon Discovery In Black Sea Well
Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania have found natural gas in a test drilling at the Domino-1 deepwater well in a joint Black...
OMV Petrom's Power Plant To Start Production In Second Half Of 2012
The thermal power plant built by oil company OMV Petrom (SNP.RO) in southern Romania will most likely start activity in the second half of 2012, after technical difficulties, according to a...
OMV Books EUR120M Provision In 4Q For Petrom Fine
Austrian oil and gas group OMV Friday said it booked a special charge of some EUR120 million in the fourth quarter of 2011, for the fine imposed by Romanian competition authorities to OMV Pe...