PETROM
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Battle Starts Over Romania’s Resources
ExxonMobil hopes that along with Petrom, Romania’s largest company, it will join the exclusive club of prospectors of the sea depths, through their operations in the Neptun block in the Blac...
OMV Petrom, Exxon To Drill First Wells In Black Sea This Winter
Romanian dominant oil company OMV Petrom (SNP.RO) and US giant Exxon Mobil are scheduled to start drilling in the Black Sea this winter, while the first data on possible oil and gas discover...
Oil Price Decline Had No Effect On Fuel Prices In Romania
The price of the oil barrel has fluctuated heavily in 2011; from a peak of $114.53 in April, it plunged to $76.39 at the beginning of October. This trend, however, did not induce any respons...
Gazprom, SOCAR To Battle Local Heavyweights For A Slice Of Romania's Fuel Retail Market
Romania’s fuel distribution market caught the eye of international groups such as Gazprom or SOCAR, even though some 90% of local sales go to four major companies.
2011 Energy Investments: EUR2B In Wind Parks And First Gas-Fueled Power Station Since ’90
Energy investments completed in Romania in 2011 make it the best of the past 20 years, as the value of new electricity projects is around EUR2 billion.
One Of The Most Influential Businessmen Makes First Public Appearance In A Decade
Gheorghe Ionescu, one of the businesspeople closest in touch with what is going in Romania, has made his first public appearance in a decade, as he attended inauguration of the new Jilava pl...
Black Gold Rush On Black Sea
The success rate for deep hydrocarbon exploration is 10%-20%; the rest is risk in the billions of euros. This year, two international giants and Romania's largest oil and gas producer OMV Pe...
OMV Petrom Starts Commercial Operations At SE Romania Wind Farm
Romanian dominant oil company OMV Petrom (SNP.RO) Thursday said it has commenced commercial operations at its wind farm in Dorobantu locality, in southern region of Dobrogea.
OMV Petrom Extends Oil Price Hedges Into 2012
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it has extended until 2012 its oil price hedges to protect its cash flow from the negative impact of potential lower oil price...