OMV Petrom

Fondul Proprietatea (FP) will sell 1.7 billion existing shares in OMV Petrom through an accelerated bookbuild offering, expecting 561 million lei in gross proceeds, according to a report submitted to the Bucharest Stock Exchange (BVB).…

OMV Petrom Romanian oil company's net profit in the first half of this year stood at RON 867 million, by 56 pct less than in the similar period of last year, according to the half-year report. Sales income was RON 10.069 billion, which…

OMV Petrom is donating EUR 1 million to Red Cross Romania in the fight with the Coronavirus outbreak. The funds will be used to buy testing equipment for COVID-19 quick diagnosis. "During difficult times, like the one we are going…

OMV Petrom has announced finding a new gas deposit that can generate up to 500,000 cubic metres of gas in Oltenia region, Romania. The drill was dug near an already exploited deposit in Totea, Gorj county, up to 4,300 metres underground.…

ExxonMobil, involved in the Neptun Deep offshore project in the Black Sea together with OMV Petrom, is looking for a new partner, Government representatives say, quoted by some sources. The intention seems surprising, considering the US…

The Romanian Investor Relations Association (ARIR) has announced that OMV Petrom, the largest Romanian listed company in terms of market capitalization from Bucharest Stock Exchange (BVB), becomes ARIR associate member. “We are proud to…

Oil companies have to post simultaneously the price increase for fuels, so companies do not influence each other, given that the competition on the fuel market is low, a press release from the Competition Council informs on Monday. The…

OMV Petrom, the largest Romanian energy company, started new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea. Two new wells will be drilled by the end of the year, requiring investments of over 30…

The Competition Council has launched, on Monday, the ‘fuel prices monitor’, an online platform which allows the consumers to find out the prices of the main fuel distribution networks, in view of leading to cheaper products, as CC President…

The tax-free price of petrol on the Romanian market has fallen below the European average, while the diesel fuel price is still higher by 2%, according to the latest data from the Oil Bulletin released by the European Commission. Since…