Petrom's
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Petrom's profit doubles in H1, but fails to reach expectations
Petrom, the largest Romanian company, reported net profit worth 687 million RON (188.2 million euros) in the second quarter of the year, up 36% against the same time last year, whilst turnover amounted to 4.5 billion RON (1.2 billion euros), up 70%. Petrom's n...
High oil price boosts Petrom's profit by 16% in Q3
Petrom Bucuresti (SNP), the largest Romanian company, posted net profit worth 661 million RON (204 million euros) in the third quarter of the year, up 16 percent against the same time last y...
AVAS: Petrom's privatisation conducted in compliance with the contract
OMV was one of the buyers that did not create any trouble for the State Assets Resolution Authority (AVAS) in the post-privatisation monitoring process, as the institution closely followed t...
Petrom's branches drag profit down by 10% in 2006
Petrom posted a consolidated profit worth 585 million euros (2.06 billion RON), around 9.5% less than the individual profit, worth 647 million euros (2.28 billion RON). The company's total r...
Strong RON forces Petrom's profit down to 266m euros
A drop in the price of crude oil and the appreciation of the Romanian currency against the dollar has resulted in Petrom's profit witnessing a decline of 34% in euros in the first half of th...
Petrom's Arpechim refinery forced to close
The closing down of the Arpechim refinery following the suspension of the integrated environmental authorisation by the National Environmental Protection Agency in Pitesti, generated a 4.7%...
Petrom's first quarter profit plunges 55% to 112 million euros
Petrom's turnover fell by 8% in Q1, to 815 million euros. "In the first three months we were faced with unfavourable conditions including lower oil prices and the strong appreciation of the...
Alpine builds Petrom's headquarters
The contract worth 85 million euros under which Bucharest-based Alpine, controlled by the Austrian group Alpine Mayreder will build Petrom's headquarters, entails the development of an offic...
Extraction takes Petrom's profit to 647 million euros
Petrom, the biggest Romanian company, controlled by Austrian petroleum group OMV, made 2.28 billion RON (647 million euros) net profit last year, 61% higher than in 2005. The company continu...