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Tag Archives: Downstream Oil

OMV Petrom posts RON 2.489bn net profit in 2017, up more than twice

OMV Petrom has published on Wednesday its preliminary results for Q4 and January-December 2017. OMV Petrom Group posts a net profit of RON 2,489 billion, almost 2.4 times (140%), in 2017 against the result in 2016 of RON 1.038 billion, ...

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OMV Petrom’s investment plan for 2017, up by over 80 pc

OMV Petrom, the largest oil and gas producer in Southeastern Europe, estimates that investments for 2017 will amount to RON 4.56 billion, an increase of 83 percent compared to 2016 (RON 2.49 billion), following the Ordinary General Meeting of Shareholders ...

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OMV Petrom Group results influenced by negative environment

Consolidated  sales in Q2/16 amounted to  RON  3,633 mn and were 20% below Q2/15, mainly due to lower petroleum products sales, following the further decline in oil prices and lower quantities sold (as a consequence of the Petrobrazi refinery planned ...

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OMV Petrom shuts down Petrobrazi refinery. Find out what happened…

OMV Petrom decided to close Petrobrazi Refinery in Ploiesti for a month in Q2 of this year for overhaul and renewal of operating authorizations, according to the representatives of Austrian mother-company. According to Q4 2015 report, Petrom aims as refinery ...

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