Petrom buys twice the volume of oil to offset stagnating production - Azi

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Petrom Bucharest (SNP), the largest Romanian company, bought oil and oil products worth 2 billion RON (545 million euros) from other companies in the Austrian OMV group (its majority shareholders) in the first half.

The acquisitions are double the volume of the corresponding period last year, when they reached 1 billion RON (285 million euros). On the other hand, Petrom sales to other companies in the group went up by a mere 15% and reached 374 million RON (102 million euros) in the first...

Read the whole story in: Ziarul Financiar