OMV Petrom | Romania Feed

Romania's Competition Council is assessing the transaction through which OMV Petrom S.A. intends to take over the companies Intertrans Karla SRL, Bridgeconstruct SRL and ATS Energy SA.

OMV Petrom (SNP.RO), along with Austria’s OMV and Netherlands-based investment company ACB Participaties have become shareholders in EIT InnoEnergy, a European company that is an innovation engine in sustainable energy, topping up a 2023 private placement round of EUR140 million.

OMV Petrom, Romania’s biggest company, has announced significant changes in its 2030 Strategy, a document published in 2021, with green transition project investments due to be stepped up.

Romania’s largest oil and gas producer, OMV Petrom, will be testing a new carbon capture and utilization technology at the Petrobrazi refinery, starting in June.

OMV Petrom a aprobat, în cadrul Adunării Generale Ordinare de miercuri, distribuirea de dividende de bază record de aproximativ 2,6 miliarde lei aferente anului financiar 2023.

OMV Petrom continues for the third consecutive year the partnership with the Medcorp Association and supports the implementation of the “Health in the Neighborhood” program with a budget of 8 million RON in 2024.

The mandatory private pension funds in Romania (Pillar II) in 2023 increased by nearly 3% their ownership stake in OMV Petrom (SNP.RO), the sole oil and gas producer in Romania and the largest integrated energy company in Southeast Europe, reaching a holding of 14.2% (8.8 billion shares), in line with calculations by Ziarul Financiar (ZF) daily based on data provided by web platform DesprePensiiPrivate.ro.

Niculae Havrilet has notified OMV Petrom with a waiver of his mandate as a member of the company's Supervisory Board, starting February 12, 2024, Petrom announced in a stock market report on Monday (Feb 12).

Deși angajații OMV Petrom protestează, reprezentanții companiei susțin că salariile acestora sunt la niveluri competitive pentru industria de petrol și gaze și include bonusuri în cuantum fix.

OMV Petrom, the largest integrated energy company in Southeastern Europe, has signed an agreement to purchase 50% of the shares of the Romanian company "Respira Verde SRL," a local leader in the collection of used cooking oil, the company announced in a stock market report on November 2023.

OMV Petrom and Auchan Retail Romania have completed the nationwide installation of almost 400 MyAuchan proximity stores in all Petrom stations.

OMV Petrom (SNP.RO), the largest crude oil and fuel producer in Romania, said in a stock market report on Friday that on Sept 12 it would hold the Ordinary General Meeting of Shareholders to vote on the distribution of special dividends worth RON2.8 billion.

OMV Petrom’s (SNP.RO) total hydrocarbon production shrank by 5.3% from 120,100 barrel of oil equivalent per day to 113,700 in the second quarter of 2023 compared with the year ago period, following a decline in both oil and natural gas production.

The largest actor in Romania’s economy is OMV Petrom (SNP.RO), which posted RON55 billion revenue in 2022, an increase of 137% year-on-year, followed by a company of the same group, OMV Petrom Marketing, which operates about 600 Petrom and OMV gas stations, and generated RON27 billion revenue.

Onshore drilling company Foraj Sonde Videle (FOJE.RO) notified the Bucharest Stock Exchange about the signing of a contract with OMV Petrom (SNP.RO), the only local oil and gas producer and the largest company listed on the Bucharest capital market.

Law firm Filip & Company has assisted Fondul Proprietatea in selling its entire stake, consisting of 1.777.067.726 ordinary shares, held in OMV Petrom (SNP.RO) through an accelerated private placement set off on Tuesday (Dec 13).

Fondul Proprietatea (FP.RO) sold its 2.8% in OMV Petrom (SNP.RO) in an about RON764 million transaction or RON0.43 per share, thus exiting the shareholder structure of the largest company on the Bucharest Stock Exchange, the Fund announced on Wednesday.

OMV Petrom and Romgaz submitted the statement of commercial discovery for the Neptun Deep block with Romania’s national agency for mineral resources ANRM, market sources said. The statement is important in the final decision-making process about an investment, attesting the economic viability of the project.

State-run national pipeline company Conpet Ploiesti (COTE.RO) notified the Bucharest Stock Exchange about the signing of a RON32.2 million contract with OMV Petrom (SNP.RO), Romania’s only oil and natural gas producer.

OMV Petrom, the largest integrated energy company in South-Eastern Europe, said in a stock market report on Wednesday (October 12) that it would invest almost EUR130 million in the next three years to build a new unit of aromatic products at the Petrobrazi refinery.