The Ordinary General Meeting of Shareholders approved OMV Petrom S.A.’s 2018 investment budget of 5.55 billion lei, up 58% from the 2017 investment (3.52 billion lei). The main destination of the investments is the Upstream segment, for which approximately 4.7 billion lei (84% of the budget) were budgeted, followed by Downstream Oil with an investment budget of 818 million lei for 2018.

Shareholders also approved the Director’s proposal to distribute dividends of 0.02 lei / share for the financial year 2017, up 33% over the previous year. The gross amount of dividends to be distributed amounts to more than 1.1 billion lei, representing 47% of OMV Petrom SA’s net profit for 2017.

Finally, the shareholders approved the appointment of Ms. Sevil Shhaideh as a member of the OMV Petrom Supervisory Board following the proposal of the Romanian State’s shareholder through the Ministry of Energy, instead of Mihai Busuioc, who gave up his mandate in October 2017. Hans Christopher Veit was also appointed a member of the Supervisory Board at the proposal of OMV AG’s major shareholder, replacing Johann Pleininger, who gave up his mandate in April 2018. The mandates of the two are valid until April 28, 2021.