Petrom SA
Type	Public (BVB: SNP)
Founded	1991
Headquarters	Bucharest, Romania
Key people	Mariana Gheorghe, CEO
Industry	Petroleum
Products	Petroleum products, Petrochemicals, Microelectronics chemicals
Revenue	€3.846 billion (2006)
Employees	32,837 (2006)
Parent	OMV
Website	http://www.petrom.com

Petrom is a Romanian oil company, the largest corporation in Romania and the largest gas and oil producer in Eastern Europe. Image File history File links Petrom_logo. ... A public company usually refers to a company which is permitted to offer its securities (stock, bonds, etc. ... The Bucharest Stock Exchange (Bursa de Valori BucureÅŸti in Romanian) is a stock exchange in Bucharest, capital of Romania. ... 1991 (MCMXCI) was a common year starting on Tuesday of the Gregorian calendar. ... Image File history File links Flag_of_Romania. ... Status Capital of Romania Mayor Adriean Videanu, since 2005 Area 238 km² Population (2005) 1,924,959[1] Density 8,088 inh/km² Geographical coordinates Web site http://www. ... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... Petrochemicals are chemical products made from raw materials of petroleum (hydrocarbon) origin. ... Microelectronics is a subfield of electronics. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Green up arrow for a positive change in revenue from last fiscal year. ... For the Manfred Mann album, see 2006 (album). ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... For the Manfred Mann album, see 2006 (album). ... A holding company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. ... // History OMV is Austrias largest oil-producing, refining and gas-station operating company. ... A Web site (or colloquially, Website) is a collection of Web pages, images, videos and other digital assets that is hosted on a Web server, usually accessible via the Internet or a LAN. A Web page is a document, typically written in HTML, that is almost always accessible via HTTP... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... Map of Eastern Europe Pre-1989 division between the West (grey) and Eastern Bloc (orange) superimposed on current national boundaries: Russia (dark orange), other countries of the former USSR (medium orange),members of the Warsaw pact (light orange), and other former Communist regimes not aligned with Moscow (lightest orange). ...

In late 2004, Petrom was privatized by the Romanian state and sold to Austrian oil company OMV. As of 2005, it was the largest privatization deal in Romania's history. OMV controls 51% of Petrom's shares. The other shareholders are the Romanian state (40.74%), EBRD (2.03%), and others (6.23%). shelby was here 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... // History OMV is Austrias largest oil-producing, refining and gas-station operating company. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... The European Bank for Reconstruction and Development (EBRD) was founded in 1991 to promote private and entrepreneurial initiatives in the countries of central and eastern Europe and the Commonwealth of Independent States (CIS). ...

Apart from its operations in Romania, the company operates in Bulgaria, Serbia, Hungary, Moldova, Kazakhstan, Iran and Russia. In Moldova it operates 73 filling stations, being one of the leading oil companies, alongside Lukoil. In Hungary there are 2 Petrom filling stations. Anthem Serbia() on the European continent() Capital (and largest city) Belgrade Official languages Serbian language 1 Recognised regional languages Hungarian, Croatian, Slovak, Romanian, Rusyn 2 Albanian, English 3 Government Parliamentary republic  -  President Boris Tadić  -  Prime Minister Vojislav KoÅ¡tunica Establishment  -  Formation 8th century   -  First unified state c. ... LUKoil logo. ...

In January 2006, Petrom purchased OMV's operations in Romania, Bulgaria and Serbia and Montenegro.[1] As a result of the transaction, 178 OMV stations operating at the highest standards belong now to Petrom and will continue to operate under the OMV brand. With significant investments of €500 million until 2010 in the Marketing business alone, Petrom will consolidate its leading market position in SEE. January 2006 : ← - January - February - March - April - May - June - July - August - September - October - November - December- → Iranian President Mahmoud Ahmadinejad accuses European nations of trying to complete the Holocaust by creating a Jewish camp Israel in the Middle East. ... This article or section does not cite its references or sources. ... Look up see in Wiktionary, the free dictionary. ...

Petrom Gas Station in Iasi - Romania

See also: Rompetrol Image File history File linksMetadata Download high-resolution version (1224x1632, 273 KB) Tipical Petrom Gas Station in Romania. ... Image File history File linksMetadata Download high-resolution version (1224x1632, 273 KB) Tipical Petrom Gas Station in Romania. ... The Rompetrol Group N.V. is a Romanian oil company, that operates in many countries throughout Europe: Romania - 2nd largest oil company, 40% market share France - 7th largest oil company, 5% market share Spain - 10th largest oil company, 5% market share Turkey - 7th largest oil company, 5% market share Russia...

Privatization controversy

The Petrom privatization was realized during the last months of the Adrian Nastase government. The title given to this article is incorrect due to technical limitations. ...

Major Romanian newspapers published articles criticising the privatization of Petrom, on the grounds that last-minute unadvertised moves gave Petrom all of Romania's oil and gas reserves just before the privatization contract was signed.

As a consequence, OMV/Petrom has a de facto monopoly on the oil production of Romania. Moreover, the state did not impose price controlling clauses in the privatization contract, so that Romanian-produced petroleum is sold in Romania at the same price as imprted petroleum.

Internal company manoeuvres allow the price increase. As reported in Evenimentul zilei (translated):

At Petrom, 159 litres of gas cost 197 dollars. The price is 15 times bigger than the extraction costs from Romanian reserves. Freshly extracted, one oil baril is worth 12 dollars, but the price increases to 46 dollars as it reaches the gates of the refinery.

The OMV-Petrom case must be clarified. A simple computation shows that simply "selling" the oil between the Exploration-Extraction Division and the Refining Division brings OMV/Petrom a profit of some 32 dollars per oil baril.

References

• [How Petrom inflates fuel prices (Evenimentul zilei, cited by Hotnews.ro) http://www.hotnews.ro/articol_32223-Cum-umfla-Petrom-pretul-benzinei.htm]
• [The Petrom privatization is criticized (Jurnalul National) http://www.jurnalul.ro/articol_36729/acuze___privatizarea_petrom__criticata.html]
• [Petrom gas prices go up (Jurnalul National) http://www.jurnalul.ro/articol_65003/gaze_deluxe___petrom_umbla_la_factura_de_gaze.html]
• [Fuel prices are decided by Petrom (Hotnews.ro) http://www.hotnews.ro/articol_35982-Preturile-carburantilor-sunt-la-mana-Petrom-OMV.htm]

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Antibiotice | Azomureş | BRD | Banca Transilvania | Impact | Oltchim | Petrom | Rompetrol Rafinare | Turbomecanica | Transelectrica The Bucharest Exchange Trading index (BET or BET-10) is an index of 10 stocks that trade on the Bucharest Stock Exchange. ... Image File history File links Flag_of_Romania. ... BRD in IaÅŸi - Stăpungerii Silvestru branch. ... Banca Transilvania, a bank corporation in Romania, was founded December 1993 in Cluj-Napoca by several local businessmen, with an initial capitalization of 2 billion Romanian lei (ROL) (approximately US$1 million); initial capitalization was 79% Romanian and 21% foreign. ... IMPACT [1] The mission of IMPACT is to inform and connect emerging leaders through economic empowerment, civic engagement, and political involvement. ... The Rompetrol Group N.V. is a Romanian oil company, that operates in many countries throughout Europe: Romania - 2nd largest oil company, 40% market share France - 7th largest oil company, 5% market share Spain - 10th largest oil company, 5% market share Turkey - 7th largest oil company, 5% market share Russia...