The heads of OMV and OMV Petrom had a meeting today at Cotroceni Palace with interim President Ilie Bolojan. Here is the full press release from the Presidential Administration: The interim President of Romania, Ilie Bolojan, received on Monday, March 17, 2025, at Cotroceni Palace, a delegation of OMV Petrom, consisting of members of the […]
A delegation from OMV and OMV Petrom held talks today with Prime Minister Ciolacu and interim President Bolojan. The Presidency issued a statement after the meeting, but not the Government, but we managed to find out, from sources close to the situation, what was the main topic of discussion. Gas taxation was the dominant topic […]
OMV Petrom, the largest integrated energy producer in Southeastern Europe, announces the completion of the transfer of a stake between its subsidiary OMV Offshore Bulgaria and NewMed Energy Balkan, a subsidiary of NewMed Energy, a press release from the Romanian company shows. Following the completion of the transaction, the two partners hold equal stakes in […]
OMV Petrom, the largest integrated energy producer in Southeastern Europe announces the start of construction for a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at the Petrobrazi refinery. This new facility will position OMV Petrom as the first major producer of sustainable fuels in the Southeast Europe, with an annual capacity of 250,000 […]
“The energy transition is happening,” the CEO of the largest energy company in Southeast Europe said clearly. Petrom will not change its investment approach for now after last year updating its strategy to focus on going even greener. This is despite the fact that European giants like Shell, BP or Equinor seem to be doing […]
The higher the tax, the more investments are disadvantaged, and we need a stable, predictable and competitive fiscal and regulatory framework – is the message of the energy company that will invest 8 billion lei this year after the 7 billion invested last year. “Regarding the construction tax, it is very difficult to estimate the […]
OMV Petrom Group posted a net profit increase of 4% last year, to 4.2 billion lei, but the operating result CCA excluding special items decreased by 52%, to 5.7 billion lei, amid lower commodity prices and a negative impact of the regulatory environment on the gas and power activity. According to a press release from […]
An 85 MW wind farm project in the Moldovan region is set to receive a construction permit from the Energy Regulatory Authority, one of the last pieces of paperwork required before construction can begin. “Draft decision and report on the granting of the Construction Permit requested by BORZEȘTI WIND SRL for the construction of the […]
DRI, the subsidiary of DTEK Group that develops renewable energy projects in the EU, has signed the largest direct purchase agreement for electricity from photovoltaic sources in Romania with OMV Petrom S.A., the largest integrated energy producer in Southeastern Europe, a press release shows. The PPA (power purchase arrangement – bilateral energy purchase agreement – […]
Natural gas prices will increase on the Romanian market in this last quarter of the year, but they will be lower than those on European markets, and this price difference is greater than in previous years, said OMV Petrom officials, the second gas producer from Romania in terms of volume, at the teleconference with investors. […]
Cristian Hubati, director responsible for the Exploration and Production activity at OMV Petrom, says that the gas extraction project is on schedule, both in terms of time and budget. Drilling will begin next year after the rig is dismantled to cross the Bosphorus and reassembled. “We are on schedule with the Neptun Deep project, and […]
After obtaining all necessary building permits, ANRE’s setting-up permit, and signing the connection contract in September, Jantzen Renewables is happy to announce that the sales agreement with OMV Petrom has been finalized. The transaction is now complete, and OMV Petrom has assumed full ownership of the project. The projects are to be developed in Teleorman […]
Jantzen Renewables, the company that developed the 710 MWp photovoltaic project in southern Romania bought by Petrom last year, says that, after 15 months, it has received all the approvals and authorizations to start the actual construction of the park. Power production is expected to begin in two years. “The Helios Project team is pleased […]
OMV Petrom and the parent company OMV entered the InnoEnergy shareholding, joining giants such as ING, Renault, VW, Schneider or SocGen. “We are delighted to welcome three new investors joining us as shareholders: OMV, based in Austria, which strives to become an integrated chemicals, fuels and sustainable energy company; OMV Petrom, Romanian integrated energy company; […]
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