Interviews, Petroleum/Natural Gas

OMV Petrom: Volatile tax environment, low demand affect business

With activities in exploration and production, gas and power, and refining and marketing, the OMV Petrom Group has proven oil and gas reserves of approximately 775 million barrels of oil equivalent in Romania and Kazakhstan, a maximum annual refining capacity of 4.2 million tonnes, a network of around 800 filling stations in Romania, Moldova, Bulgaria and Serbia, a 860 megawatt (MW) gas fired power plant and a 45 MW wind park. OMV Petrom was acquired by Austria’s OMV in 2004 in the largest privatisation deal Romania had seen up to that point. OMV owns 51% of the company. Read more

Interviews, Petroleum/Natural Gas

OMV Petrom to invest up to 1.2 billion euro per year in 2012-2014

Mariana Gheorghe,
OMV Petrom’s chief executive officer Read more