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.
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the risks that companies who use video surveillance on their employees are facing in Romania. In the modern context, the use of video surveillance systems in professional environments has become an increasingly widespread practice with purposes such as asset protection, employee safety, or […]
Romanian athlete Amalia Covaliu won the gold medal in the women's sabre event on Tuesday, April 8, at the Wuxi 2025 Junior & Cadet World Championships in China. Amalia did not compete in the first round, and in the second round she defeated another Romanian, Amelie Pescaru, 15-7. In the third round she won the […]
American technology company Genpact announced the opening of a new delivery center in Iași, Romania, on Wednesday, April 9. The company already employs 5,000 people in Romania, and has a history of over two decades in the country. Its Iași team has expanded quickly, growing from just a handful of professionals to more than 650 […]
The French Chamber of Commerce, Industry and Agriculture in Romania (CCIFER), which has some 600 member companies, has elected a new Board of Directors. The board now includes: Nicolas Richard (Engie) – President; Cristina Bojica (Gruia Dufaut & Asociatii) – Vice President; Anne-Sophie Bauwens (Carrefour); Costin Borc (Groupe SNEF); Fady Chreih (Regina Maria); Sébastien Demichelis […]
Romanian interim president Ilie Bolojan promulgated the law that allows patients to express their gratitude towards doctors through donations made to the medical institution on Tuesday, April 9. According to this law, patients can make donations to the hospitals where they were treated, instead of giving gifts to the medical staff, as was often the […]
Vlad Boeriu, Tax & Legal Partner-in-Charge at Deloitte Romania, has been elected president of AmCham Romania for the following one-year mandate. He will be joined in the executive committee by vice-presidents Cerasela Baiculescu, Country General Manager, IBM Romania & Moldova and Gabriela Popescu, Corporate, External and Legal Affairs Lead, Central Europe, Microsoft, together with Luminița […]
