The Romanian state, through the Ministry of Energy, proposed Răzvan Nicolescu to be part of the Supervisory Board of OMV Petrom, together with Niculae Havrileţ, whose mandate will be renewed, said the company’s representatives quoted by Agerpres.

“I accepted the nomination from the Romanian state with the conviction that I could contribute to transforming the company in the context of the international fight against climate change, for the benefit of the Romanian energy sector in the medium and long term. The efficiency of state-owned companies, the increase of the share of domestic private capital in energy and the mutually advantageous partnerships between the state and large international companies are key elements for an intelligent transition to a more environmentally friendly energy sector,” Nicolescu confirmed.

The proposal will be voted in the General Meeting of Shareholders of OMV Petrom, which will take place on April 27.

Nicolescu is one of the most well-known Romanian experts in the energy field, including internationally. He was the president of the European Energy Regulatory Agency (ACER) between 2014 and 2016 and Minister of Energy in 2014, without being a member of any political party, and in the period 2006-2008 he was Romania’s representative at the European Union on energy issues.