UPET
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Upet Targoviste May Supply Drilling Equipment In Iraq
Romanian oilfield equipment maker Upet Targoviste (UPET.RO) aims to supply drilling equipment to Romanian companies involved in Iraq projects, with a lucrative oil production due to small costs of deposit exploitation.
Upet Targoviste To Lay Off 40% Of Staff
Romanian oilfield equipment maker Upet Targoviste (UPET.RO) will lay off 263 of its 619 employees, meaning 40% of its staff, and has notified trade unions of the decision.
Upet Borrows Funds To Finance Working Capital
Romanian oilfield equipment maker Upet Targoviste (UPET.RO) Tuesday said it will borrow $5 million from UniCredit Tiriac Bank and another EUR2.3 million from Raiffeisen Bank to finance worki...
Upet 9-Month Sales Rise 67.2% To RON59M
Romanian oilfield equipment maker Upet Targoviste (UPET.RO) Thursday said its its sales increased 67.2% in the first nine months of 2012 to 58.97 million lei (EUR13.3 million), from RON35.27...
Upet Seeks Funds To Finance Working Capital, Pay Contracts
Romanian oilfield equipment maker Upet Targoviste (UPET.RO) Monday said it plans to take out two loans to finance working capital and honor outstanding contracts.
Upet Switches To Profit In First Half
Romania’s oil industry equipment maker Upet Targoviste (UPET.RO) Thursday said it switched to a 215,000 lei (EUR48,000) profit in the first half of 2012, from losses of RON1.7 million during...