ROPEPCA is concerned that GEO 27/2020 introduces new risks in the O&G Upstream segment
The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) warns that the changes brought to the Petroleum Law no. 238/2004…
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OMV Petrom
Popa, OMV Petrom: For investment in the Black Sea we need a competitive fiscal framework, free market and stability
The project on the exploitation of Black Sea gas represents a huge opportunity for Romania and now is the best…
OMV Petrom and Eldrive will install 30 fast charging points in Romania and Bulgaria
OMV Petrom and Eldrive will install 30 fast charging stations for electric cars in OMV’s fuel distribution stations in Romania…
Romgaz: Discussions regarding the acquisition of a share in the Neptun Deep perimeter, blocked until next year
Discussions regarding the acquisition by Romgaz (SNG) of a stake in ExxonMobil in the offshore perimeter Neptun Deep were put…
Jade Power Trust analyzes the sale of its Romanian assets
Jade Power Trust has formed a special committee to explore several “strategic options”, including a possible partial or total sale…
OMV Petrom and Romgaz, forced to sell 30% of the domestic production in the centralized markets
OMV Petrom and Romgaz will be obliged to auction for 3 years about 30% of the production in the centralized…
OMV Petrom has installed photovoltaic panels in 40 gas stations in Romania
OMV Petrom has installed photovoltaic panels in 33 gas stations in the OMV network and in 7 stations in the…
Verchere, about the Neptune Deep project: Time is not on our side
OMV Petrom wants to continue the Neptun Deep project, but legislative changes are needed to ensure stability, fiscal competitiveness and…
OMV Petrom estimates a 45% drop in fuel demand in the second quarter
OMV Petrom estimates a 45% drop in fuel demand in the second quarter of this year and a 20% year-round…
OMV Petrom: Operating results 21% lower in Q1, investments down by 30%
OMV Petrom had a 21% reduction in operating income to 975 million lei in the first quarter of this year.…
OMV Petrom has approved dividends of 1.76 billion lei for 2019
The Ordinary General Meeting of Shareholders of OMV Petrom (SNP) approved the proposal of the Management Board to distribute dividends…
Virgil Popescu promises that Romania will not return to the old pre-crisis economy
Romania is preparing to get out of quarantine but officials say the economy will not be the same, their intention…
OMV Petrom will request next week an approval to produce biocides
Antibiotice Iasi has asked for an approval to start the production of two types of biocides, and OMV Petrom will…
OMV Petrom donation of 1 mln. euro, used for the purchase of 10 iPonatic equipment and 300 Covid rapid diagnostic test kits
The Romanian Red Cross, with the financial support of OMV Petrom, purchased 10 COVID rapid test equipments and 300 test…
Petrom estimates a net profit decline by 21% in 2020
OMV Petrom estimates for this year a profit of 2.81 billion lei, down 21% on the previous year. The budget…
OMV Petrom is ready to continue supply
OMV Petrom has implemented a series of measures to ensure the smooth running of the activities. Christina Verchere, CEO of…
ANRE draft Order: New obligations for gas supply on centralized markets
ANRE has launched in public debate a draft Order [HERE in Romanian] on the obligation to supply natural gas on…
New maritime fuel with low sulfur content produced at Petrobrazi, following an investment of 3 million euro
OMV Petrom has developed, at the Petrobrazi refinery, a new maritime fuel with a low sulfur content, up to 0.5%.…
Verchere: The first cubic meter of gas in Neptune Deep could be extracted only from 2024-2025
The first gas molecule could be extracted from the Neptune Deep perimeter of the Black Sea only in 2025, if…
Niculae Havrileț, proposed for the Supervisory Board of OMV Petrom
The Ministry of Economy, which is a minority interest holder in OMV Petrom, with 20.63% of the shares of the…
OMV Petrom: net profit down by 11% in 2019, although sales increased by 13%; increased dividends
Bogdan Tudorache OMV Petrom’s revenues registered last year advanced by 13%, to about 25.5 billion lei, but the company announced…
OMV Petrom will pay 27 mln. euro to the parent company for participation in the Han Asparuh perimeter in Bulgaria
OMV Petrom will pay OMV Exploration & Production about 27 million euro for the acquisition of the shares held by…