OMV Petrom invests another 30 mln. euro in offshore drilling in the Black Sea
OMV Petrom has launched a new offshore drilling campaign in shallow waters in the Istria region of the Black Sea.…
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OMV Petrom
Competition launches Fuel Price Monitor, available online, in the App Store and Google Play
The Competition Council launched the “fuel price monitor”, the online platform that allows consumers to find out the prices of…
Nicolaescu, OMV Petrom: Competition is significant for the fuel market
The Romanian fuel market is free, competition is significant and each company independently determines the price, said Adrian Nicolaescu, chairman…
OMV Petrom contributes 4 million euro to support ”Romania Eficienta” program launched by EPG
OMV Petrom, the largest player on the Romanian energy market, endorses the Energy Policy Group (EPG) “Romania Eficienta” program. OMV…
Petrom finalizes the 50 million euro investment in the Hurezani gas treatment plant
OMV Petrom invested around 200 million euro between 2010-2019 for development of a centralized gas treatment hub serving domestic gas…
The Central Depository will distribute dividends of OMV Petrom
The Central Depository will distribute dividends to shareholders of OMV PETROM from 13.06.2019 to 14.06.2022, the institution announced. The Issuer…
OMV Petrom invests 46 mln. euro in the coking plant at the Petrobrazi refinery
OMV Petrom continues the modernization works at the Petrobrazi refinery. The company has invested about 46 million euros since 2017…
The court rejected the request for the cancellation of approvals for the offshore gas project at the Black Sea
The Constanţa Tribunal rejected the request of a landowner in Tuzla, Constanţa, and the similar one of an NGO, the…
OMV Petrom: Nothing has changed in the decision about the Black Sea exploitation – we have not taken any new decision
OMV Petrom’s new report released last week led some analysts to interpret that the company would have taken a new…
Petrom announces sales up 11% in Q1
Bogdan Tudorache OMV Petrom announced consolidated sales increased by 11% compared to Q1/18, to 5.4 billion lei supported by higher…
The Romanian Commodities Exchange becomes a member of the FPPG
The Romanian Commodities Exchange has become a member of the Oil and Gas Employers Federation (FPPG), an association that includes…
Petrom announces an investment budget of nearly EUR 876 mln. for 2019
The Ordinary General Meeting of Shareholders approved OMV Petrom’s budget for 2019, according to a company statement. It is estimated…
OMV Petrom invested EUR 14.5 billion between 2005 and 2018
Bogdan Tudorache According to the company’s report, OMV Petrom invested 14.5 billion euros in the period 2005-2018. The company contributed…
The Gloria oil platform, which extracted for 43 years of gas from the Black Sea, will be decommissioned as of May
The Gloria oil platform, which extracted for 43 years of gas from the Black Sea, will be decommissioned as of…
Petrom could stop the work of the Midia Terminal, due to an environmental sanction
OMV Petrom received a sanction from the National Environmental Guard for the operation of the Midia Terminal Section of the…
Alina Popa takes over the position of financial director and member of the OMV Petrom executive board
Alina Popa (41) is the new financial director and member of the OMV Petrom directorate since April 17, 2019, when…
The new Polyfuel unit of Petrobrazi refinery has started production, an EUR 65 mln. investment
OMV Petrom has commissioned the new Polyfuel unit within Petrobrazi refinery, using an innovative technology to convert LPG and low-grade…
Petrom shares grew in the first quarter by 22%
OMV Petrom shares (SNP) went up 22% in the first three months of 2019, marking the best performance in the…
Hungary has already provided its gas supplies for 2020
Hungary has secured gas supplies for the next year even though Moscow and Kiev will not be able to reach…
The regulator decided what companies would buy how much domestic gas and from whom at the price the Government set
The latest decisions of the National Regulatory Authority for Energy – ANRE set out the destinations for natural gas from…
OMV Petrom and Exxon have new proposals for the gov’t
OMV Petrom and Exxon do not want to be subject to the financial tax provisions of the Offshore Law, OUG…
Petrom’s investments increased by 56% in 2018
OMV Petrom SA’s investments amounted to 5,495 million lei in 2018, up 56% from those in 2017. Investments in the…
Franck Neel, OMV Petrom: Liberalization takes time
As Europe’s gas reserves deplete, Romania has the highest growth potential in the regional gas market, but liberalization takes time,…