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

03.02.2012

Lucian Bode, the man who has been running the Economy Ministry for about three weeks, overseeing the most valuable state-owned companies in Romania, says in his first media interview that one of the more

02.29.2012

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its latest hydrocarbon discovery in the Black Sea could reduce or altogether eliminate the country’s dependence on gas imports. more

02.24.2012

Petrom, the largest company in Romania, left the market in awe on Wednesday when it announced EUR887 million in net profit against EUR5.3 billion revenue. With these financial indicators, Petrom has more

02.23.2012

One liter of diesel oil costs 6 lei (almost EUR1.4) at Petrom’s filling stations as of Thursday, a record high level, after the company raised the price by RON0.09 per liter. The gasoline liter is more

02.22.2012

OMV Petrom (SNP.RO) is a pillar of stability and a trustworthy partner for Romania's economy, especially when it comes to the taxes paid, energy supply to consumers and investment, chief executive more

02.22.2012

Current gas prices in Romania create an unsustainable situation that could impact investment on this segment, including the activity of the thermal power producer built by OMV Petrom (SNP.RO) in more

02.22.2012

Romanian natural gas market rose 3% to 14.2 billion cubic meters in 2011, helped by growing demand from industrial consumers, oil company OMV Petrom (SNP.RO) said Wednesday. more

02.22.2012

Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania Wednesday reported a significant gas discovery at their joint Domino-1 deepwater well in the Black more

02.22.2012

Romanian oil and gas group OMV Petrom (SNP.RO) on Wednesday said that its employee numbers dropped by 7% last year, to 22,912, reaching less than half of staff numbers seen in 2004, when the company more

02.22.2012

Romanian oil and gas group OMV Petrom (SNP.RO) on Wednesday said it recorded a loss of 404 million lei (EUR95.3 million) from hedging in 2011, compared to just RON6 million in the previous year, but more

02.22.2012

Romanian oil company OMV Petrom (SNP.RO) on Wednesday announced it plans to pay dividend from the record profit achieved in 2011, while the investment budget for 2012 reaches over EUR1 billion. more