Gazprom suspended gas supplies to OMV over seizure
The trigger that ended a 50-year-old relationship between Russia’s Gazprom and Austria’s OMV earlier this month was the Austrian group’s…
Turnover: 19,510.054765 mil. lei
Profit: 3,850.620876 mil. lei
Employees: 19.619
Mariana Gheorghe, CEO
Andreas Peter Matje, CFO
Gabriel Selischi, Membru of the Directorate
The Group has a refining capacity of 4.2 mn tons/year and owns an 860 MW high efficiency power plant and a 45 MW wind park. OMV Petrom is present on the oil products retail markets in Romania and neighbouring countries through approximately 800 filling stations.
OMV, Austria’s largest listed industrial company, holds a 51.01% share in OMV Petrom. The Romanian state, via 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.
In the last nine years investments for the consolidation and modernization of OMV Petrom amounted to EUR 10 bn. The annual direct, indirect and induced impact of OMV Petrom in Romania’s GDP is around 5%.
Starting 2007, OMV Petrom integrated the principles of corporate responsibility within its business strategy. In this period, the company allocated more than EUR 40 mn for the development of communities in Romania, focusing on environment protection, education, health and local development. Andrei’s School is the main platform for community involvement.