Tag: OMV Petrom

OMV Petrom won tender for Black Sea block in Georgia – Romania, 26 June 2020

The largest Romanian oil and gas company OMV Petrom, part of Austrian OMV Group, has won a tender for the Black Sea block II license in Georgia. The Georgia’s State Agency for Oil and Gas said that before starting drilling, OMV Petrom will carry out 2D and 3D seismic exploration works on the peri Full article […]

Offshore hydrocarbon law could be amended only after elections – Romania, 02 June 2020

Romanian Minister of Economy and Energy Virgil Popescu said that the offshore hydrocarbon law, which poses as the greatest obstacle for further investments in the Black Sea gas projects, will be amended after the parliamentary elections. Minister Popescu stressed that amending the law in line wit Full article available for subscribers of Energy NEWS service […]

Competitive fiscal framework, free market and stability needed for Black Sea gas investments – Romania, 02 June 2020

CFO of the largest Romanian oil and gas company OMV Petrom Alina Popa said that the project for the exploitation of Black Sea gas represents a huge opportunity for Romania, but to attract investments in the sector, urgent legislative changes, a more competitive tax regime, a free market and stabilit Full article available for subscribers […]