OMV

Energy companies OMV Petrom and Romgaz on Wednesday backed plans to develop the Domino and Pelican Sud commercial natural gas fields in the Romanian Neptun Deep perimeter in the Black Sea.

The two companies will invest up to 4 billion euros for the development phase of the project, which will generate production of about 100 billion cubic meters of natural gas over ten years.

Hungarian oil company MOL has been given the green light from the European Commission to take over OMV Slovenija filling stations after committing to sell 39 stations in Slovenia to the British Shell Group.

MOL, the Hungarian oil company, will sell 39 service stations in Slovenia to British oil major Shell in a bid to receive clearance for the takeover of OMV Slovenija, the country's second largest chain of service stations.

Ljubljana/Brussels – The web portal Necenzurirano reports that the European Commission has frozen the in-depth investigation of the purchase of service stations of OMV Slovenija by the Hungarian energy group MOL until further notice. The investigation will resume after the Commission receives the required documentation from MOL.

Ljubljana – The competition watchdog is launching an investigation into whether Petrol and OMV Slovenija, the country’s two largest fuel retailers, have abused their dominant market position in recent days as there were fuel shortages right before a new pricing regime kicked in, the news portal Necenzurirano reported on Tuesday.

Ljubljana – Owners of motor vehicles are heading for Slovenian service stations en masse on Sunday as regular petrol and diesel prices are expected to rise considerably when a new pricing model kicks in on Tuesday. All three major fuels providers, Petrol, OMV and MOL, have experienced occasional shortages today.

Ljubljana – Fuel prices in Slovenia surged on Sunday after the government decided to end price administration. Regular petrol is about 8% more expensive than yesterday, with diesel up by more than 20%. Data reported by petrol stations show regular petrol costs between EUR 1,617 and EUR 1,619 per litre depending on provider, up to EUR 1,628 along motorways.

Austrian Chancellor Karl Nehammer announced on Wednesday that his government, along with Austrian oil company OMV, has agreed to pay for Russian gas imports in rubles.

Bucharest, Aug 27 /Agerpres/ - The Bucharest Stock Exchange closed upwards the last trading session of the week, with a value of transactions of 49.08 million lei (9.95 million euros). The main BET index appreciated by 0.59%, to 12,389.58 points, and BET-Plus, which shows the evolution of the most liquid 37 shares, recorded a similar increase.

OMV Petrom has ended its first semeter of this year with a net profit of 980 million RON, rising by 13% in comparison with the similar period of last year, according to the data sent on Wednesday by the Bucharest Stock Exchange (BVB).