Petrom Posted 520 Million Euros Profit

In the second year of recession the biggest company in Romania posted a 2.5 times higher net profit than in 2009.  And it is all thanks to fuel becoming more expensive, although fuel demand fell 5%. OMV Petrom (SNP), the only local producer of oil and gas controlled by Austrian petroleum group OMV, reported 18.6 billion lei (4.4 billion euros) in sales last year, up 16% against 2009. The biggest… Read More...