Tag: OMV

OMV won ICC case against Romania – Romania, 29 July 2020

Austrian OMV Group, which owns the largest Romanian oil and gas company OMV Petrom, has won a lawsuit against Romanian Ministry of Environment, filed at the International Chamber of Commerce (ICC) in Paris (ICC). The ICC’s Arbitral Tribunal ruled on 9 July that Romania must pay 59 million euros i Full article available for subscribers […]

OMV is not informed on ExxonMobil’s plans to withdraw from Neptun Deep gas project – Romania, 06 August 2019

According to CEO of Austrian OMV Group Rainer Seele, the company has not been notified by its US partner ExxonMobil or the Romanian Government about the ExxonMobil’s intention to withdraw from the Neptun Deep gas project in the Black Sea. Seele stressed that OMV has no official information so far Full article available for subscribers […]

OMV Bulgaria recorded lower profit in 2018 – Bulgaria, 04 July 2019

Fuel retailer OMV Bulgaria, a local subsidiary of Austrian OMV Group, said it has recorded a net profit in the amount of 10.1 million euros in 2018, compared to 13.1 million euros profit recorded in the previous year. The company’s sales increased to some 350 million euros in 2018, a slight incre Full article available […]