02.25.2014

OMV Petrom’s chief Mariana Gheorghe says the employees were the drivers behind the company’s record EUR1 billion profit in 2013 and sees no reason other Romanian businesses cannot report similar 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

OMV Petrom (SNP.RO), Romania's largest oil and gas group, will pay $70 million to $100 million in taxes for special constructions, company financial manager Andreas Matje said Wednesday. more

02.19.2014

Romania’s planned new excise tax on fuels will likely trigger a 1% to 3% annual decline in local fuel sales, OMV Petrom’s chief executive Mariana Gheorghe said Wednesday. more

02.19.2014

Romania’s largest oil and gas company OMV Petrom (SNP.RO) expects domestic demand for natural gas and electricity will remain subdued this year, after declining 8% and 5% year-on-year in 2013, 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

01.30.2014

Romanian leading oil and gas company OMV Petrom (SNP.RO) reported 6% lower gas sales volumes in the fourth quarter of 2013, compared with the same period a year earlier, due to weak demand from the 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

01.14.2014

Petrom and Romgaz, the largest hydrocarbon producers in Romania, paid royalties of some 500 million lei (EUR115 million) to the state budget in the first six months of 2013, according to data provided 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

12.24.2013

ZF has listed the main events of 2013 in Romanian business, which include the biggest-ever profit made by a company in Romania, the opening of the first bridge linking Romania to Bulgaria in more than more

12.09.2013

Romania’s largest oil and gas company OMV Petrom (SNP.RO) operates the biggest local gas station network, and rivals Rompetrol, MOL and Lukoil either decided to fight it directly or strengthen 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

12.05.2013

Romania’s largest oil and gas producer OMV Petrom (SNP.RO) is looking to award a EUR64 million contract for the replacement of two natural gas processing plants. 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

11.21.2013

Four funds administered by U.S. company Franklin Templeton bought 0.087% in Romanian oil company OMV Petrom (SNP.RO) from the European Bank for Reconstruction and Development (EBRD) for 20.7 million more

11.18.2013

The 860-megawatt gas-fired power plant operated in Brazi by oil and natural gas company OMV Petrom (SNP.RO) sold 54% of its first-year production on the regulated market where households and small more

11.14.2013

The European Bank for Reconstruction and Development on Thursday said it has sold its remaining stake of 1.6% in Romania’s largest oil company OMV Petrom (SNP.RO) for 385.6 million lei (EUR86.6 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

11.13.2013

A stake of 0.81% in Romanian dominant oil company OMV Petrom (SNP.RO) is being sold on the Bucharest Stock Exchange by an unnamed investor, market sources said Tuesday. more

11.13.2013

The Bucharest stock market declined in early trade Wednesday, dragged down by OMV Petrom’s (SNP.RO) shares, but Romgaz (SNG.RO) was slightly higher in its second trading session. more

11.12.2013

Romania’s Competition Council on Tuesday said it has authorized the sale of natural gas distributor Petrom Distributie Gaze to Ligatne, a company controlled by Czech investment fund PPF Investments. more