07.01.2011

Oscar Downstream, an oil trading company controlled by businessman Alin Niculae, posted turnover worth EUR390 million in 2010, almost similar to the 2009 level, and targets a 15% increase for this more

06.28.2011

Large Romanian companies returned to growth in 2010, reveals the “Biggest Players in the Economy” Yearbook which hits the newsstands this Tuesday. More than 30 companies among the top 50 in the more

06.23.2011

There might be at least 100 people in Romania who have millions of euros in their accounts, which they could use to buy shares at the government's sale of 9.84% in Petrom. ZF tried to find out whether more

06.22.2011

The public offering whereby the Romanian government intends to sell a 9.84% stake in OMV Petrom (SNP.RO) will be conducted in July, according to the calendar set by the Economy Ministry with the more

06.21.2011

Romanian leading oil company OMV Petrom (SNP.RO) Tuesday said its cogeneration thermal plant in Brazi has successfully connected to the national power grid during a series of pre-run tests. more

06.20.2011

The sale of a 9.8% stake in Petrom (SNP.RO), the largest Romanian company, will be completed by late July, Economy Minister Ion Ariton has firmly stated. The minister’s statement is surprising as no more

06.17.2011

Romanian leading oil and gas company OMV Petrom (SNP.RO) will pay 14.7 million lei (EUR3.4 million) for waste removal services at eight storage facilities in the country, the company said in a more

06.09.2011

Romanian President Traian Basescu met Thursday with a delegation from US Exxon Mobil and Romanian OMV Petrom (SNP.RO), to discuss the two oil companies’ investment plans for the blocks leased in the more

06.08.2011

Austria’s OMV, the majority shareholder of Petrom (SNP.RO), sold all the new shares issued as part of its capital increase, but the price at which the offering ended, EUR27.5/share, was lower than more

05.31.2011

Chemical plant Oltchim (OLT.RO) bought from oil company OMV Petrom (SNP.RO) another set of assets at the Arpechim refinery, to be used in petrochemistry activities. more

05.26.2011

Romanian state-run chemical plant Oltchim (OLT.RO) Thursday said it has made an offer to take over the entire activity of troubled supplier Arpechim Pitesti, after owner OMV Petrom (SNP.RO) announced more

05.19.2011

Austrian oil and gas group OMV on Thursday listed a series of risks faced by Romanian OMV Petrom (SNP.RO), including gas station boycotts triggered by price hikes, litigation with past or current more

05.19.2011

Romania's largest oil company OMV Petrom (SNP.RO) Thursday said it has increased natural gas production following investment in redevelopment at several mature reservoirs and the start of five wells more

05.19.2011

Oil and gas company OMV on Thursday said it may face adverse conditions in Romania and its sales might decrease if mineral resources regulator ANRM fails to renew OMV Petrom's (SNP.RO) exploration more

05.18.2011

Romania’s securities commission CNVM Wednesday approved a preliminary prospectus for the sale of a 9.84% stake in dominant oil company OMV Petrom (SNP.RO). more

05.12.2011

Austrian transport and logistics firm Gebruder Weiss concluded a EUR9.6 million contract (plus VAT) with Romanian oil company OMV Petrom (SNP.RO), to supply hub operation and transport services over a more

05.12.2011

OMV Petrom (SNP.RO), the biggest company on the oil and gas market, posted growth in sales and profit, even though the market it operates on continued to go down. Repeated pump price hikes and cost more

05.11.2011

Romanian oil and gas company OMV Petrom (SNP.RO) Wednesday said it has invested 633 million lei (EUR154.8 million) in the first quarter, 12% less than RON717 million in the year-earlier period, since more

05.11.2011

Romanian oil group OMV Petrom (SNP.RO) Wednesday reported a 1% year-on-year increase in its first quarter hydrocarbon production, driven by higher gas production in Romania and higher hydrocarbon more

05.11.2011

Romanian oil company OMV Petrom (SNP.RO) will permanently shut down the Arpechim refinery over the next several months, turning it into a storage unit for crude and oil products, the company said in more

05.11.2011

Romanian dominant oil company OMV Petrom (SNP.RO) decided to give up its plan for a EUR600 million share capital increase, as its financial position has improved in the past year, the company said in more

05.11.2011

Romania's largest oil company OMV Petrom (SNP.RO) Wednesday reported a net profit of 841 million lei (EUR199 million) in the first quarter, up 4% on the year, fueled by a 27% increase in sales on more

05.11.2011

Austrian group OMV, majority shareholder of OMV Petrom (SNP.RO), could need a capital increase this year to refinance some of the loans taken out to make acquisitions in Turkey (Petrol Ofisi) and more

05.10.2011

Romanian chemical company Oltchim Ramnicu-Valcea (OLT.RO) Tuesday said it has bought several installations owned by oil company OMV Petrom (SNP.RO) in Arges county for 1.6 million lei (EUR0.4 more

05.01.2011

Romania's largest oil company OMV Petrom (SNP.RO) will try again to sell natural gas distributor Petrom Distributie Gaze, after a failed attempt in 2008. more