PETROM
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Rompetrol Group Starts Oil Drilling Operations For Petrom
Romanian oil group Rompetrol on Wednesday announced it has started drilling operations, for the first time in Romania, following an investment of $8.5 million.
OMV Petrom Contracts EUR930M Syndicated Loan
Romanian oil company OMV Petrom (SNP.RO) contracted a multi-currency revolving credit facility worth EUR930 million, with three years tenor and a possibility for a two-year extension, for ge...
Petrom’s CFO About The Crisis: That’s The Interesting Part Of Our Job
Daniel Turnheim is the youngest member of the management of Petrom (SNP.RO). He took over as chief financial officer a year ago. The 36-year old executive’s appointment came at a time when t...
Competition Council Probes OMV Petrom's Withdrawal Of Gasoline Product
Romanian antitrust authorities are investigating oil and gas group OMV Petrom (SNP.RO) for alleged breaches of competition regulations regarding the company's withdrawal of Eco Premium gasol...
Petrom Announces Highest Profit Ever. Austrian Owners Win, Local Economy Loses
Profit chain: Fuels become more expensive. OMV Petrom (SNP.RO) makes higher profit. Austrian-held OMV, which owns 51% in Petrom, makes even more money. The government gains something, too, t...
OMV Petrom 9-Mo Profit Doubles On Year To RON2.9B
Oil group OMV Petrom (SNP.RO) on Wednesday reported a net profit of 2.921 billion lei (EUR694.5 million) for the first nine months of the year, doubled on the year, while sales rose 23% to R...
Analysts Believe 2011 To Be Petrom’s Most Profitable Year Ever
Petrom (SNP.RO), the largest Romanian company, could post 780 million lei (EUR179.4 million) profit in the third quarter, analysts estimate.
The Story Of Petromservice’s Insolvency
Four years after Austria’s OMV paid EUR328 million to Sorin Ovidiu Vantu to take over Petromservice, two questions remain unanswered: why did the Austrian company pay so much to take over th...
OMV Petrom Starts Test Production At Totea Well
Romanian dominant oil company OMV Petrom (SNP.RO) Wednesday said it started test exploitation of its Totea well in the southwestern region of Oltenia, which could prove to be the country’s m...