OMV Petrom

petromOMV Petrom is the largest oil and gas group in South-eastern Europe, with activities in Exploration and Production, Gas and Power, and Refining and Marketing. The Group has consolidated its position on the oil market in South-eastern Europe following a far-reaching modernization and efficiency increase process, with investments of EUR 10 bn in the last nine years.

As of the end of 2013 the Group had proven oil and gas reserves of approximately 728 mn boe in Romania and Kazakhstan (707 mn boe in Romania). With a maximum annual refining capacity of 4.2 mn t, OMV Petrom is present in the distribution market for oil products in Romania, the Republic of Moldova, Bulgaria and Serbia through a network of approximately 800 filling stations, operated under two brands, Petrom and OMV. In Romania, this activity is performed through OMV Petrom Marketing, 100% owned by OMV Petrom.

To ensure sustainable development, OMV Petrom has expanded the gas value chain into power. In this context, OMV Petrom operates an 860 MW gas fired power plant at Brazi and a 45 MW wind park at Dorobantu.

In 2013 the Group’s turnover was EUR 5,473 mn, with EBIT of EUR 1,348 mn.

OMV, Austria’s largest listed industrial company, holds a 51.01% share in OMV Petrom. In Exploration and Production OMV is active in two core countries, Romania and Austria, and holds a balanced international portfolio. In Gas and Power, OMV sold approximately 425 TWh of gas in 2013. In Refining and Marketing, OMV had an annual refining capacity of 17.4 mn t and approximately 4,200 filling stations in 11 countries, including Turkey, as of the end of 2013.

The Ministry of Economy holds 20.64% of OMV Petrom shares, the Property Fund holds 18.99% and 9.36% is free float on the Bucharest Stock Exchange.