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.
Traffic is restricted in central Bucharest after local authorities started work at the degraded Unirii platform. Splaiul Independenței, between Națiunile Unite Square and Unirii Square, is the first area with restrictions. District 4 mayor Daniel Băluță, who heads the reconstruction project valued at RON 800 million (EUR 158.6 million), said that the areas in front […]
The "Pământul Strămoșesc" Association, founded by former presidential candidate Călin Georgescu and several others, announced on Friday, June 6, that it will dissolve. The association, named after a Legionary magazine that circulated during the interwar period, was established in 2021 by Călin Georgescu, along with a former AUR parliamentary candidate and former officer of the […]
EVConnect, one of the pioneers in electromobility in Romania, announced a strategic partnership with Selgros, dedicated to expanding the electric vehicle (EV) charging infrastructure. The collaboration aims to install over 40 charging stations in Selgros commercial centers’ parking lots, providing customers with access to fast EV charging options. The first charging stations are already operational […]
Roughly 5,000 soldiers from Italy, Moldova, Romania, and the United States are participating in the multinational Saber Guardian 25 (SG25) exercise, running from June 9 to 24. The exercise is led by the US Army Europe (USAREUR) and the Romanian Joint Forces Command “General Ioan Emanoil Florescu.” Military activities take place across multiple training areas […]
Protests that were initially peaceful quickly turned violent after two 14-year-old Romanian boys were charged with the rape of a teenage girl in the small town of Ballymena, Northern Ireland. The alleged rape took place Saturday, June 7, and their case was heard the following Monday. The BBC, which did not release the identities of […]
The Democratic Alliance of Hungarians in Romania (UDMR) has launched a public appeal for donations to support the community of Praid, where devastating flooding recently forced the closure of the area’s salt mine and brought tourism to a standstill. Flooding completely disrupted operations at the Praid salt mine, a major economic driver in the region. […]
