05.21.2014

Romania’s leading oil company OMV Petrom (SNP.RO) plans to award drilling contracts worth between EUR13 million and EUR205.5 million at an auction scheduled for July 15. more

05.13.2014

OMV Petrom (SNP.RO), Romania’s largest corporation, expects its power business to generate a loss in 2014, while the demand for natural gas will further decrease, the company said in its more

05.13.2014

Romania’s largest oil and gas company OMV Petrom (SNP.RO) Tuesday said its first-quarter net profit fell 19% on the year to 1.07 billion lei (EUR241.5 million), due to higher fiscal burdens and more

05.13.2014

Automobile Dacia posted 18.4 billion lei (EUR4.15 billion) revenue in 2013, an increase of 45% on 2012 and the best result ever for the automaker in Mioveni, southern Romania, which saw a record more

05.08.2014

Petrom, Romania’s only oil and gas producer, is set to step up exploration activities on the medium and long term after the company has focused, since privatization, on deposits already under more

05.02.2014

OMV Petrom (SNP.RO), the largest oil and natural gas producer in Romania, is selling about 70 pieces of property, such as land, apartments, corporate buildings, a sports center and a public swimming more

04.29.2014

Romania’s leading oil and gas company OMV Petrom (SNP.RO) approved a dividend payment of 1.745 billion lei (EUR393 million) from the 2013 net profit, 10% higher on the year, the company said in a more

04.29.2014

A sale of a significant stake in OMV Petrom (SNP.RO) by Fondul Proprietatea (FP.RO) is in its early stages and will not happen any time soon, according to Franklin Templeton, the manager of the fund. more

04.23.2014

Romanian leading oil and gas company OMV Petrom (SNP.RO) reported 18% lower gas sales volumes to 13.47 terawatts per hour in the first quarter of 2014, mostly due to a milder winter and weaker demand more

04.15.2014

OMV Petrom (SNP.RO), the largest company in Romania ended the five years of crisis, 2009-2013, with an all-time high profit of more than EUR1 billion. The profit was 5.5 times higher than in 2009, the more

04.15.2014

Romania's government via the Finance Ministry will get more than 1.57 billion lei (EUR351 million) in dividends from listed companies this year, more than one third of the total dividends paid by the more

04.11.2014

Havi Logistics, a major player on the Romanian logistics market after signing a contract with OMV Petrom Marketing in 2012, last year went beyond the 500 million lei mark (EUR113 million) in sales, more

04.02.2014

Romania’s largest oil company OMV Petrom (SNP.RO) has completed an investment of around EUR18 million in upgrading its fuel terminal in the northeastern city of Bacau, the company said Wednesday. more

03.27.2014

Romanian dominant oil company OMV Petrom (SNP.RO) expects its net profit will fall 18.6% to 3.93 billion lei (EUR878 million) in 2014, hurt by lower sales, the company said in its revenue and more

03.26.2014

Romania’s leading oil and gas company OMV Petrom (SNP.RO) will transfer part of its support services to a newly established service center which will provide support services to both Petrom and more

03.25.2014

Romania's largest oil and gas group OMV Petrom (SNP.RO) plans to pay out its shareholders total dividends worth RON1.74 billion, up 10% on the year, representing 36% of its record profit of RON4.82 more

03.11.2014

OMV Petrom (SNP.RO) might pay the highest dividends ever in 2014 after posting record net profit last year, 4.82 billion lei (EUR1.07 billion). more

03.06.2014

Investment fund Fondul Proprietatea (FP.RO) is considering the sale of a minimum 4% stake in Romania's largest oil and gas group OMV Petrom (SNP.RO), evaluated at around 997 million lei (EUR221 more

02.25.2014

OMV Petrom’s chief Mariana Gheorghe says the employees were the drivers behind the company’s record EUR1 billion profit in 2013 and sees no reason other Romanian businesses cannot report similar more

02.24.2014

Romanian OMV Petrom Gas, a unit of the country’s largest oil and gas group OMV Petrom (SNP.RO), last week sold natural gas worth 8.5 million lei (EUR1.88 million) on the national commodities more

02.20.2014

The record 2013 net profit Romania’s largest company OMV Petrom (SNP) announced on Wednesday, 4.82 billion lei (EUR1.09 billion), should drive its value to more than EUR10 billion if considering the more

02.19.2014

OMV Petrom (SNP.RO), Romania's largest oil and gas group, will pay $70 million to $100 million in taxes for special constructions, company financial manager Andreas Matje said Wednesday. more

02.19.2014

Romania’s planned new excise tax on fuels will likely trigger a 1% to 3% annual decline in local fuel sales, OMV Petrom’s chief executive Mariana Gheorghe said Wednesday. more

02.19.2014

Romania’s largest oil and gas company OMV Petrom (SNP.RO) expects domestic demand for natural gas and electricity will remain subdued this year, after declining 8% and 5% year-on-year in 2013, more

02.19.2014

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit rose 22% to a record 4.82 billion lei (EUR1.07 billion) in 2013, fueled by favorable crude oil prices and lower costs. more