The Competition Council is analyzing the transaction by which OMV Petrom SA intends to take over, together with RES Terranet Holding SRL, the companies Tenersolar Park SRL, Enerintens Solar SRL and CIL PV Plant SRL. The OMV Petrom Group is active in the energy industry, from the exploration and production of crude oil and natural […]
Christina Verchere, CEO OMV Petrom: “In the first 6 months we had a good performance, supported by our integrated business model, recovering market demand for our products and higher utilization of our downstream assets. However, lower gas and power prices combined with lower hydrocarbon volumes for sale led to a 15% lower Clean CCS operating […]
OMV Petrom, the largest energy company in South-Eastern Europe, will in the following years allocate around 150 million euros per year and up to 300 million euros per year for CCS projects, but the company draws attention that it is need for the intervention of the authorities, including support schemes for the development of these […]
OMV Petrom has made great progress in the development of the Neptun Deep project, and estimates that drilling will begin in 2025, being on schedule for the delivery of the first quantities of natural gas in 2027, the general director of the company said in an interview with AGERPRES. Christina Verchere. Regarding hydrogen production, she […]
OMV Petrom is launching an extensive investment and modernization program on the Petrobrazi platform, of around two billion euros until 2030, which will transform the refinery into a modern industrial unit, capable of producing both traditional fuels and last-generation biofuels, according to a communication sent, Monday, AGERPRES. The Petrobrazi Refinery, which celebrates its 90th anniversary, […]
OMV Petrom, the largest integrated energy producer in Southeastern Europe, strengthens its partnership with Renovatio by acquiring a 50% stake in three photovoltaic projects totalling 130 MW. Christina Verchere, CEO of OMV Petrom: “The projects for reducing our carbon footprint and that of our customers, are a central piece of our strategy. About a third […]
OMV Petrom, the largest integrated energy producer in Southeast Europe, will invest approximately EUR 750 mn at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region. The company has made the final investment decision to build a SAF/HVO facility along with two facilities for green hydrogen which will […]
OMV Petrom, the largest integrated energy producer in Southeastern Europe, closed the acquisition of Renovatio Asset Management, owner of the largest charging network for electric vehicles in Romania, with over 400 charging points and growth prospects to approximately 650 by 2026. The transaction was approved by the Competition Council and the Commission for Foreign Direct […]
The Neptun Deep project is in the stage of obtaining the environmental impact assessment and we hope that, by the end of October, we will also receive a construction permit, said on Thursday, Alexandru Maximescu, vice-president of OMV Petrom, at the 8 -th edition of the “Black Sea and Balkans Security Forum” event. “Placing the […]
OMV Petrom, the largest integrated energy producer in Southeastern Europe, commissioned a new crude oil tank, the largest in Romania, on the Petrobrazi refinery platform. The tank has been designed and built according to the latest standards in the field, for increased safety in use. It features double walls and a double base, an aluminium […]
Saint-Gobain Romania and OMV Petrom sign an agreement for the purchase of electricity from renewable sources for all Saint-Gobain facilities at local level. Based on this agreement, OMV Petrom will supply approximately 800 GWh of green energy to 14 Saint-Gobain locations in Romania over the next five years, thus contributing to the Group’s sustainability objectives […]
OMV Petrom reported a net profit of around 1.4 billion lei for the first quarter of this year, according to data submitted to the Bucharest Stock Exchange (BVB) Petrom’s profit (1.39 billion lei for Q1 2024) is 6% lower than in the same period last year. The company’s revenues were 8.5 billion lei, 10% lower […]
OMV Petrom has continued to reduce its emissions and maintains its commitment to achieve a 30% reduction in the carbon intensity of its operations by 2030 compared to the 2019 level, said Christina Verchere, CEO of OMV Petrom. OMV Petrom has published the Sustainability Report for 2023, which provides an overview of the company’s achievements […]
OMV Petrom, the largest integrated energy producer in Southeast Europe, will test a new carbon capture and utilization technology at the Petrobrazi refinery, starting in June, according to a company press release. The tests will take place over a period of 4 months, starting in June. The tests are part of a demonstration campaign carried […]
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