OMV Petrom achieved a hydrocarbon production of 110,100 barrels of oil equivalent per day, in the second quarter of this year, 1.4% lower than the previous quarter, according to the data sent to the Bucharest Stock Exchange on Tuesday.Oil and condensate production was 52,600 boe/day (minus 1.7%), and natural gas production was 57,500 boe/day (minus 1%).In the second quarter of this year, the total volume of hydrocarbon sales amounted to 105,000 boe/d, being lower by 1.4%, compared to that in the first quarter of 2024. Sales of oil and condensate decreased by 2 .3%, to 54,900 boe/day, and those of natural gas decreased by 0.4%, to 50,100 boe/day.In contrast, total sales of refined products increased by 14.7%, to 1.48 million tons. Gas sales to third parties amounted to 6.53 TWh (minus 28.8%).The net production of electricity at the Brazi Power Plant totaled 0.53 TWh, down 66.9% compared to the January-March 2024 period.OMV Petrom is the largest integrated energy producer in South-Eastern Europe, with an annual group oil and gas production of approximately 41 million boe in 2023. The group has a refining capacity of 4.5 million tonnes annually and operates a highly efficient natural gas power plant of 860 MW. On the retail oil products distribution market, the Group is present in Romania and neighboring countries through approximately 780 gas stations, under two brands - OMV and Petrom.OMV Petrom is a company in which, at the end of 2023, Romanian shareholders owned over 43% of the shares (of which the Romanian state, through the Ministry of Energy, owns 20.7%, and 22.5% are owned by Romanian pension funds , to which are added almost 500,000 individual investors and other Romanian entities). OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, owns 51.2% of OMV Petrom's shares, and the remaining 5.6% is owned by other foreign investors. Of the total shares of OMV Petrom, 28.1% are freely traded on the Bucharest Stock Exchange.
La French Tech Bucharest announces the third edition of its highly anticipated flagship event, Sustainability meets Profitability, set to take place on April 8th, 2025, at the Romanian - American University (1B Expoziției Boulevard, Bucharest), starting at 18:30. Sustainability meets Profitability event will explore the new regulations companies—big or small—must navigate and how they can turn […]
The builders of Romania’s important A1 Sibiu – Pitești highway are set to start the construction of a bridge over 300 meters long and at least 100 meters wide, allowing the animals of the Southern Carpathians to cross from one side to the other. The investment will pay off as a corridor for large mammals […]
The local business services industry has potential for growth, even if it will see a slower pace because the market is a mature one and given the high regional and global competitiveness, according to a report carried out by the Association of Business Service Leaders in Romania (ABSL) in partnership with Deloitte Romania. Still, the […]
Several Romanian military personnel who were on parental leave went to Congo as mercenaries, according to a statement from the Ministry of National Defense. The issue of active soldiers taking mercenary work first came up on the public agenda after PressOne...
The European Investment Bank and the government of Ukraine have agreed to allocate EUR 50 million from EIB funding to Ukraine's national railway company, Ukrzaliznytsia, for the modernization of key railway border crossings with Poland, Slovakia, Hungary, and Romania. The project includes repairs to worn-out railway tracks, the relocation of wagon inspections, the reconstruction of […]
Medicover has acquired the operations of the lab tests provider Synlab Group in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia in a transaction worth EUR 71.3 million, the company announced. The transaction was financed from Medicover's own sources. It was carried out by Medicover for its diagnostic services division, present in Romania under the […]
