Tag: OMV Petrom

OMV Petrom remains cautious in planning investments for 2021 – Romania, 17 February 2021

The largest Romanian oil and gas company OMV Petrom earmarked capital expenditures of less than 600 million euros for this year, half the budget planned for 2020, but only marginally below the actual investments realized last year. According to the company’s CFO Alina Popa, approximately 370 mill Full article available for subscribers of Energy NEWS […]

Transelectrica’s profit rose by 18.3 % in 2020 – Romania, 15 February 2021

Romanian electricity transmission system operator Transelectrica recorded a net profit in the amount of 23.3 million euros in 2020, which is by 18.3 % higher compared to the previous year. The statement from the company said that the increase in profit was mainly due to reduced operational ex Full article available for subscribers of Energy NEWS […]

2021 is crucial for Black Sea gas – Romania, 05 February 2021

CEO of Romania’s largest oil and gas company OMV Petrom Christina Verchere said that 2021 is critical for the offshore gas projects in the Black Sea, as the gas there is waiting to be exploited and the investment decision depends only on the measures to be decided by the Romanian authorities. Ver Full article available […]