Tag: OMV Petrom

OMV Petrom predicts 21 % net profit decline in 2020 – Romania, 24 March 2020

The largest Romanian oil and gas company OMV Petrom, a part o Austrian OMV Group, estimates 2020 net profit to reach some 580 million euros, which is 21 % lower compared to the previous year. The 2020 budget was initially based on 60 dollars/barrel crude oil price, but the price is now halved. Fr Full […]

OMV Petrom activates business continuity plan to ensure supply – Romania, 20 March 2020

The largest Romanian oil and gas producer OMV Petrom, part of Austrian OMV Group, said that it has activated its  business continuity plan in order to ensure the security of supplies amid the global crisis generated by coronavirus outbreak. The statement from the company said that the plan includ Full article available for subscribers of […]

OMV Petrom launched production of low-sulfur marine fuel oil at Petrobrazi refinery – Romania, 17 February 2020

The largest Romanian oil and gas company OMV Petrom said that it has started the production of marine fuel oil with low sulfur content of just 0.5 % at its Petrobrazi refinery, following the investment of some 3 million euros. The statement from the company said that the refinery will now be able Full article […]