04.29.2014

Romania’s leading oil and gas company OMV Petrom (SNP.RO) approved a dividend payment of 1.745 billion lei (EUR393 million) from the 2013 net profit, 10% higher on the year, the company said in a more

04.29.2014

A sale of a significant stake in OMV Petrom (SNP.RO) by Fondul Proprietatea (FP.RO) is in its early stages and will not happen any time soon, according to Franklin Templeton, the manager of the fund. more

04.23.2014

Romanian leading oil and gas company OMV Petrom (SNP.RO) reported 18% lower gas sales volumes to 13.47 terawatts per hour in the first quarter of 2014, mostly due to a milder winter and weaker demand more

04.11.2014

Havi Logistics, a major player on the Romanian logistics market after signing a contract with OMV Petrom Marketing in 2012, last year went beyond the 500 million lei mark (EUR113 million) in sales, more

04.02.2014

Romania’s largest oil company OMV Petrom (SNP.RO) has completed an investment of around EUR18 million in upgrading its fuel terminal in the northeastern city of Bacau, the company said Wednesday. more

03.27.2014

Romanian dominant oil company OMV Petrom (SNP.RO) expects its net profit will fall 18.6% to 3.93 billion lei (EUR878 million) in 2014, hurt by lower sales, the company said in its revenue and more

03.26.2014

Romania’s leading oil and gas company OMV Petrom (SNP.RO) will transfer part of its support services to a newly established service center which will provide support services to both Petrom and more

03.11.2014

OMV Petrom (SNP.RO) might pay the highest dividends ever in 2014 after posting record net profit last year, 4.82 billion lei (EUR1.07 billion). more

03.06.2014

Investment fund Fondul Proprietatea (FP.RO) is considering the sale of a minimum 4% stake in Romania's largest oil and gas group OMV Petrom (SNP.RO), evaluated at around 997 million lei (EUR221 more

02.24.2014

Romanian OMV Petrom Gas, a unit of the country’s largest oil and gas group OMV Petrom (SNP.RO), last week sold natural gas worth 8.5 million lei (EUR1.88 million) on the national commodities more

02.20.2014

The record 2013 net profit Romania’s largest company OMV Petrom (SNP) announced on Wednesday, 4.82 billion lei (EUR1.09 billion), should drive its value to more than EUR10 billion if considering the more

02.19.2014

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit rose 22% to a record 4.82 billion lei (EUR1.07 billion) in 2013, fueled by favorable crude oil prices and lower costs. more

02.18.2014

Romania’s largest company OMV Petrom (SNP.RO) is expected to reveal its 2013 financial results on Wednesday and analysts say that even in a worst-case scenario, its net profit could still overshoot more

02.17.2014

State-owned oil companies of Kazakhstan, Azerbaijan and Russia came to control half of network-affiliated gas stations on the Romanian market. more

01.29.2014

OMV Petrom (SNP.RO) and ExxonMobil became the titleholders for the deep water portion of the XV Midia Block, after the Romanian government approved the transfer of hydrocarbon exploration and more

01.16.2014

Four of the parent companies of the 20 largest Romanian firms boasted share increases by as much as 53% on international markets in 2013, the best year for the Western stock exchanges after the more

01.06.2014

The Romanian state and oil and gas producer OMV Petrom (SNP.RO) are bracing for tough negotiations in 2014 over the royalties charged for Petrom’s oil and gas, Petrom and Exxon will drill their more

12.05.2013

Growth perspectives for the shares of Romania’s largest oil and gas producer OMV Petrom (SNP.RO) are limited because investment fund Fondul Proprietatea and the Romanian state, the company’s two more

11.25.2013

OMV Petrom (SNP.RO), the largest company in Romania, will drill a second deep-water exploration well in the Romanian section of the Black Sea towards the end of the second quarter of next year. While more

11.22.2013

Romania’s newly announced tax on special building structures sends a negative signal to the business community and is likely to hinder further investments, an official with Austrian oil and gas more

11.22.2013

Austrian group OMV, majority shareholder of Romanian leading oil and gas company OMV Petrom (SNP.RO), wants to turn Romania from importer into exporter of natural gas, said OMV head Gerhard Roiss. more

11.13.2013

The shares of OMV Petrom (SNP.RO) closed 5.59% lower Wednesday, at 0.4511 lei (EUR0.1) per unit following rumors that an investor plans to sell a 0.81% stake in the oil company, and caused the more

11.07.2013

Romania’s leading oil and gas company OMV Petrom (SNP.RO) Thursday reported a 47% increase in its third-quarter net profit to 1.27 billion lei (EUR286.7 million), helped by higher oil prices and more

08.09.2013

OMV Petrom, the largest company on the Romanian market by turnover, has annual sales of around EUR200 million from non-oil products sold through the country-wide network of 546 gas stations. On the more

08.01.2013

Austria’s oil and gas company OMV is looking to recruit 1,600 technical staff by 2016 to work for its exploration and production units, including in Romania, the company said in a statement more