OMV Petrom Sales Drop 17% in 1Q on Sharp Oil Price Decline

05.11.2016 By Oana Gavrila

Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, on Wednesday reported a 17% year-on-year slump in consolidated sales for the first quarter, mainly due to the sharp decline in oil prices and lower sales of natural gas.

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