oil

Romania’s Petrom Hikes Pump Prices By Up To RON0.22/Liter

19:03, 30 Iun. 2010
Romania’s largest oil company OMV Petrom (SNP.RO) will raise Thursday its gasoline and diesel oil pump prices by 0.18-0.22 lei (EUR1=RON4.3688) per liter, following the value added tax increase to 24%.

Romania Has Oil&Gas Reserves For 15 Years – Agency Head

12:51, 17 Nov. 2009
Romania still has oil and natural gas reserves for about 15 years, while its coal reserves may ensure domestic consumption for 30 years, the National Mineral Resources Agency ANRM head said Tuesday.

Romanian Oil Co Petrom Discovers Oil, Gas In Russia

13:38, 03 Aug. 2009
Romanian oil company Petrom (SNP.RO) discovered gas and oil at its exploration well Lugovaya-1 in the Kamenski license in Saratov, Russia, the company said in a statement sent to the Bucharest Stock Exchange Monday.

Romanian Romgaz, Petrom, Foreign Cos Mull Leasing Black Sea Oil Blocks

13:18, 28 Iul. 2009
Romania’s gas producer Romgaz Medias, oil company Petrom (SNP.RO) and several foreign companies are interested to lease oil blocks totaling 30,000 square kilometers in the Black Sea zone in a bid that Romania's Mineral Resources Agency ANRM will launch early November.

Romania’s Petrom Starts Exploring Kazakh Oil Field, In EUR180M Invest

11:52, 25 Iun. 2009
Romania’s dominant oil company Petrom (SNP.RO) announced Thursday to begin production on Kazakhstan’s Komsomolskoe oil field, through TOO Kom – Munai, in an EUR180 million investment.

Canada’s Sterling Ignorant Of Legal Grounds On Deal Annulment –Official

10:41, 24 Apr. 2009
The vice-president of Canada’s Sterling Resources, Stephen Birrell, said Thursday he is not aware of any legal grounds for the deal annulment and the company’s representatives aim to take part in the hearings of the parliamentary commission investigating the document.

Black Sea Blocks Exploitation Rights Granted In 1992 – Sterling Resources

21:02, 01 Apr. 2009
Canadian company Sterling Resources stated Wednesday that the rights of exploitation at the Black Sea blocks XIII Pelican and XV Midia were stipulated in the initial contract signed back in 1992, and the former government has not given the company any additional rights.

Romania’s ELCEN To Buy 200,000 Tons Of Fuel Oil From Petrom For $60M

18:27, 07 Ian. 2009
Romanian power producer Electrocentrale Bucuresti ELCEN, part of state-owned power distributor Termoelectrica, wants to buy 200,000 tons of fuel oil from the country’s largest oil company Petrom (SNP.RO), for which it can pay around $60 million, sources within ELCEN said Wednesday.

Oil Cos Cause Problems, Not The Fiscal Policy – Romanian Econ Fin Min

19:07, 28 Mai 2008
A decrease in excises and taxes for car fuels does not guarantee price decreases, in Romania the problem comes from the behavior of companies, not from the state’s fiscal policy, said economy and finance minister Varujan Vosganian.

Romanian Fin Min, Fuel Prod, Traders To Have Talks On Price Hike

18:49, 12 Mai 2008
Representatives of Romanian Ministry of Economy and Finance will have talks with fuel producers and traders on increasing prices, Romania’s Finance Minister Varujan Vosganian said Monday.