Analyst Research Report Snapshot

Title:

SNP PETROM SA Romania, Oil&Gas Company

Price:

$276.00

Provider:

Swiss Capital

Date:

17 Aug 2006

Pages:

24

Type:

AcrobatPDF

Companies referenced:

ROSNP.BX

Available for Immediate Download
Summary:

Romania is by far the richest country in hydrocarbons in Central and Eastern Europe (“CEE”) and the largest producer of both crude oil and natural gas. Petrom, the largest oil company in Romania, has by far the largest upstream operation in CEE with its 210,000 boe/d production (split between crude and natural gas) and 1 bn boe (non-audited) reserves. OMV of Austria owns 51% of Petrom and embarked on an aggressive restructuring program, which – if successful – could take the share price to new highs.

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