Petrom Sees RON404M Hedging Loss In 2011
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 the higher oil prices and lower production costs helped the company post record profits for last year
To read the full story, please
ZF English is Romania's top provider of economic and business news in English.
With your subscription, you gain access to more than 250 stories / week, from the most important business media in Romania:
- Ziarul Financiar - the leading business newspaper
- Mediafax - the leading news agency
- BUSINESS Magazin - the leading weekly business magazine
More about ZF English here. For payment details, see terms.
LOGIN / Lost password?
