OMV Petrom recorded a hydrocarbon production of 107,500 barrels of oil equivalent (boe) per day in the first quarter of this year, 0.28% higher than in the previous quarter, but 3.76% lower than in the same period last year, according to data sent to the Bucharest Stock Exchange on Tuesday.The production of crude oil and condensate was 50,100 boe/day (down 0.8% compared to Q4 2024), and the production of natural gas was 57,400 boe/day (up 1.23%).In Q1 2025, the total hydrocarbon sales volume amounted to 102,200 boe/day, which is 0.2% higher than in the last quarter of 2024. Sales of crude oil and condensate decreased by 0.57% to 52,300 boe/day, while natural gas sales increased by 1.2% to 49,900 boe/day.However, total refined product sales decreased by 16.67% compared to Q4 2024, reaching 1.2 million tonnes. Gas sales to third parties amounted to 10.26 TWh (up 4.8%).The net electricity production at the Brazi Power Plant totaled 1.23 TWh, down 8.2% compared to the October-December 2024 period."In the context of regulated natural gas and electricity markets, which mainly affect the electricity generation business, the operating result excluding special items for G&E in Q1/25 is expected to be negative," the report sent to the Bucharest Stock Exchange reads.OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual production of oil and gas at the group level of approximately 40 million boe in 2024. The group has a refining capacity of 4.5 million tonnes per year and operates a high-efficiency 860 MW natural gas power plant. In the retail petroleum products distribution market, the Group is present in Romania and neighbouring countries through approximately 780 gas stations under two brands - OMV and Petrom.At the end of 2024, Romanian shareholders held over 43% of the company's shares (of which the Romanian state, through the Ministry of Energy, held 20.7%). OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, held 51.2% of OMV Petrom's shares, while the remaining 5.6% were held by other foreign investors.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
