06.27.2012

Romania’s largest oil company OMV Petrom (SNP.RO) restarted its Petrobrazi refinery after a EUR100 million upgrade investment in its crude vacuum distillation unit, the company said in a statement more

06.19.2012

Romania’s energy independence will be reduced and imports will reach 40%-50% of total consumption in 2030, due to higher demand for primary energy and the natural decline of the local hydrocarbon more

06.19.2012

OMV Petrom (SNP.RO) said Tuesday it will invest EUR800 million – EUR1.2 billion a year by 2014, particularly in exploration and production, if the business environment is favorable to investments. more

06.06.2012

No local oil company has announced plans to cut pump prices, despite the drop of the Brent oil barrel below $100 in the past week, to the January 2011 level, and despite the 24% decline recorded since more

06.05.2012

Almost one year since becoming chief executive of OMV, Gerhard Roiss gives a few clues about the prospects of Romania's largest oil and gas producer, Petrom, as well as its future challenges. more

05.31.2012

OMV Petrom (SNP.RO) remained the largest company in Romania in 2011, with a turnover of almost EUR4 billion, shows a ZF analysis based on data provided by the company or on ZF estimates. This is the more

05.29.2012

Romania may need financing of up to EUR60 billion to capitalize its oil and natural gas resources, double the amount estimated by the authorities for the entire energy sector by 2030, an official of more

05.29.2012

OMV Petrom (SNP.RO), the largest company in Romania, and five other major listed companies will pay RON2.68 billion (EUR600 million) in gross dividends in June, according to available reports. more

05.23.2012

Petrom, the largest oil company in Romania, is preparing its strategy for the next decade, and the document will be presented this summer, according to the latest available information. more

05.09.2012

Romania’s largest oil company OMV Petrom (SNP.RO) will shut down production at its Petrobrazi refinery for a six-week overhaul, the company said in its financial report Wednesday. more

05.09.2012

The first-quarter electricity production of Dorobantu wind farm brought OMV Petrom (SNP.RO) 61,763 green certificates, which might be valued at EUR3.39 million at current market prices, Romania’s more

05.09.2012

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit after minorities rose 65% on the year to a record 1.385 billion lei (EUR381 million) in the first quarter, helped by more

05.07.2012

The Romanian government will decide whether to resume the sale of a 10% stake in oil company OMV Petrom (SNP.RO) after conducting a market analysis, economy minister-designate Daniel Chitoiu said more

05.03.2012

Romania's largest oil company OMV Petrom (SNP.RO) on Thursday increased pump prices for gasoline and diesel oil by RON0.06 (EUR0.0135) per liter. more

04.27.2012

Shareholders of Romanian dominant oil company OMV Petrom (SNP.RO) Friday approved paying out a gross dividend of 0.031 lei (EUR0.007) a share from the 2011 profit, 75% higher on the year. more

04.26.2012

Romania's gas company OMV Petrom (SNP.RO) on Tuesday will change the names of its gasoline and diesel oil, the company said in a press release Thursday. more

04.25.2012

Romania’s dominant oil company OMV Petrom (SNP.RO), controlled by Austria’s OMV, could build a second gas-fired thermal power plant, following the construction of an 860 MW plant in Brazi due for more

04.24.2012

The hydrocarbon production of Romania's largest oil and gas company OMV Petrom (SNP.RO) fell slightly in the first quarter, due to severe weather conditions, according to a trading statement of OMV, more

04.18.2012

Austrian group OMV, the majority shareholder of Romanian oil company OMV Petrom, has filed a claim against the Romanian state with the International Court of Arbitration in Paris, demanding refunds of more

04.05.2012

As Romania could cover its gas consumption needs from its own resources over the next few years, the royalties collected by the state could in turn rise, especially against the backdrop of the future more

03.26.2012

Romanian leading oil company OMV Petrom (SNP.RO) Tuesday estimated its net profit will rise to a new record high of 3.784 billion lei (EUR867.8 million) in 2012, despite slightly lower sales. more

03.23.2012

Romanian dominant oil company OMV Petrom (SNP.RO) Friday proposed paying out a gross dividend of 0.031 lei (EUR0.007) a share from the 2011 profit, 75% higher on the year. more

03.13.2012

The Romanian government is analyzing whether it would be opportune to reschedule the sale of a minority stake in dominant oil company OMV Petrom (SNP.RO), following a failed attempt in 2011, the more

03.11.2012

Romanian President Traian Basescu on Sunday said he severed all ties with leading oil company OMV Petrom (SNP.RO) in protest over the profit the company registered during the crisis. more

03.05.2012

The average price of Brent oil will rise to $123 per barrel this year, compared to $111 per barrel last year, which is good news for oil companies such as OMV Petrom (SNP.RO), an Erste Group Bank more