Tag: oil

UAE’s Mubadala interested in OMV Petrom’s purchase – Romania, 13 April 2021

According to Austrian media, CEO of Austrian OMV Group Rainer Seele discussed the sale of its Romanian subsidiary OMV Petrom with the representatives of Mubadala investment fund from United Arab Emirates, which is OMV’s second largest shareholder. Seele reportedly discussed with the UAE fund othe Full article available for subscribers of Energy NEWS service (PDF […]

S&P affirms Petrol’s BBB- rating with stable outlook – Slovenia, 12 April 2021

Rating agency Standard & Poor’s (S&P) has affirmed the BBB- long-term and A-3 short-term credit rating of Slovenian energy group Petrol with stable outlook. S&P first assigned Petrol these credit ratings with a stable outlook in June 2014 and has not changed them since then. Petrol recorded a Full article available for subscribers of Energy […]

Jugopetrol’s profit almost halved in 2020 – Montenegro, 31 March 2021

Montenegrin oil company Jugopetrol recorded a net profit in the amount of 2.62 million euros in 2020, which is an decrease of some 39.5 % compared to the previous year. The company’s operating revenues in the past year amounted to 82.5 million euros, which is 48 % lower compared to 2019, while it Full article […]