Expats

Romania's Petrom posts 1.18 bln lei in Q3 net profit [Nov 09, 2011] BUCHAREST, Nov 9 (Reuters) - Romania's top oil and gascompany Petrom , majority-controlled by Austria's OMV posted a net profit of 1.18 billion lei ($374 million)in the third quarter on Wednesday, ... [via YahooNews] More >>

OMV Petrom Concludes Talks With Romanian Regulator on Production Licenses [Aug 24, 2011] OMV Petrom SA (SNP) completed talks with the Romanian mineral resources regulator for an extension of its exploration licenses in the country and is waiting government approval, after giving up 25 percent of the initially contracted permits, according to a regulatory official. [via YahooNews] More >>

Romania Delays Petrom Sale Plan as Euro-Debt Crisis Makes Investors Wary [Jul 22, 2011] Romania delayed selling a minority stake in OMV Petrom SA (SNP) as the euro-debt crisis made investors wary of bidding during a two-week offer period that ended today. [via YahooNews] More >>

Romania's OMV Petrom Second-Quarter Net Income Rises on Higher Oil Prices [Aug 04, 2010] OMV Petrom SA , Romanias biggest oil company, said second-quarter profit rose on higher oil prices. [via YahooNews] More >>

(AFX UK Focus) 2010-04-30 10:55 UPDATE 1-Romania's Petrom may raise $900 mln in share issue [Apr 30, 2010] BUCHAREST, April 30 (Reuters) - Romanian oil and gas company Petrom may carry out a share issue worth up to 2.8 billion lei ($899 million) to ensure funds to maintain its investment programme, it said on Friday. Petrom, majority owned by Austrian OMV, wants to diversify to fight a dramatic fall in upstream revenues and could pump funds into increasing the recovery rate of existing fields ... [via YahooNews] More >>

(AFX UK Focus) 2010-04-30 10:55 UPDATE 1-Romania's Petrom may raise $900 mln in share issue [Apr 30, 2010] BUCHAREST, April 30 (Reuters) - Romanian oil and gas company Petrom may carry out a share issue worth up to 2.8 billion lei ($899 million) to ensure funds to maintain its investment programme, it said on Friday. Petrom, majority owned by Austrian OMV, wants to diversify to fight a dramatic fall in upstream revenues and could pump funds into increasing the recovery rate of existing fields ... [via YahooNews] More >>

Romania to Sell Minority Stakes in Key Energy Companies [Apr 21, 2010] April 21 (Bloomberg) -- Romania plans to sell minority stakes in key energy companies, including OMV Petrom SA and utilities Transelectrica SA and Transgaz SA in nine months to fund infrastructure projects. [via YahooNews] More >>

(AFX UK Focus) 2010-04-15 07:43 UPDATE 1-Petrom invests in Romanian wind power project [Apr 16, 2010] BUCHAREST, April 15 (Reuters) - Romanian oil and gas group Petrom is buying a planned wind power project, seeking to tap the potential of renewable energy to insulate against the inefficiency of its existing refineries. Petrom, Romania's largest listed company and majority owned by Austria's OMV, is buying 100 percent of Wind Power Park SRL, which owns a fully-permitted 45 megawatt capacity wind ... [via YahooNews] More >>