Tag: OMV Petrom

OMV Petrom earned 500 million euros from non-oil sales – Romania, 13 June 2016

According to the financial report by OMV Petrom, Romanian subsidiary of Austrian OMV Group, the company earned about 500 million euros last year through the sales of non-oil related products and services. OMV Petrom has a network of 550 petrol stations in Romania, which also sell a variety of non-oil related products, such as soft […]

EC conducts inspections at Romgaz, Transgaz and OMV Petrom – Romania, 7 June 2016

The European Commission (EC), namely its Directorate-General for Competition, is conducting inspections at three large Romanian natural gas companies: transmission system operator Transgaz and gas producers Romgaz and OMV Petrom. Allegedly, these inspections are related to the prevention of natural gas exports. The issue of preventing gas exports is not a new one. For several […]

OMV Petrom to invest over 40 million euros in Petrobrazi refinery overhaul – Romania, 24 May 2016

Romanian oil and gas company OMV Petrom, a subsidiary of Austrian OMV Group, is planning to invest 16.8 million euros in the overhaul of Petrobrazi oil refinery and additional 23.7 million euros in its modernization. According to the statement from the company, the overhaul will start this week and should last up to one month. […]