Kazakhstan
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Negative surprise at Petrom in Q3: Strong RON and Kazakhstan push the company into losses
OMV Petrom (SNP), the biggest company on the Romanian market, has been affected by the revaluation of Kazakh assets and by the significant losses linked to the loans in dollars granted to the Kazakh subsidiary, posting as a result 116 million RON (27.6 million...
Petrom's bad luck on foreign markets: after withdrawal from Russia, Kazakhstan's souring, too
After two quarters with rising profits, Petrom is likely to report again one-off charges that should considerably eat into its profit.
Petrom starts production at Kazakhstan oil field with reserves put at 2 billion dollars
Petrom Bucharest (SNP), the biggest company in Romania started oil production on a new oil field in Kazakhstan, where it invested about 180 million euros, the company announced.
Who are Rompetrol's buyers actually?Who are Rompetrol's buyers actually?
A group with proven reserves of 611.3 million tonnes of crude oil, eight times more than the reserves held by Romania's subsoil, and sitting on natural gas reserves of 62.4 billion cubic met...
Petrom to invest 150m euros in Kazakhstan
Petrom continues to develop new exploration and production perimeters through a new acquisition in Russia, as well as through investments of some 190 million dollars (152 million euros) in a...
OMV to finance Petrom for Kazakhstan operations
OMV to finance Petrom for Kazakhstan operations
60m-euro EBRD loan for Petrom in Kazakhstan
SNP Petrom will contract a 60 million-euro loan from the European Bank for Reconstruction and Development (EBRD), to be used for its oil operations in Kazakhstan, general manager Gheorghe Co...
FBI probes alleged oil payment scheme in Kazakhstan
The FBI is investigating whether a U.S. businessman illegally funnelled $35 million from three oil companies to high-ranking Kazakhstan officials, including President Nursultan Nazarbayev, N...