Oil Company Petrom doubles profit to 3 bln lei in 9 months

OMV Petrom Group ended the nine months of this year in net profit of 2.921 billion lei (some 690 million euros), double the 1.411 billion lei reported at the end of the three quarters of 2010, the company announced.The oil company's third-quarter net profit stood at 1.176 billion lei (around 278 million euros).In the third quarter, Oil Company Petrom kept on benefiting from the favourable climate relating the crude price and by the positive effects of the strict cost ...

Developed by Codecraftsman