OMV Petrom, the largest integrated energy producer in South-Eastern Europe, invested approximately EUR 115 million to modernize the electrical infrastructure of the Petrobrazi refinery. The investment is part of Petrobrazi refinery’s broader modernization and transformation program. “A modern electrical infrastructure is essential for the proper operation of a refinery. Through this investment, we are strengthening […]
OMV Petrom, the largest integrated energy producer in Southeastern Europe, announces the delivery of all seven modules for its second green hydrogen electrolyzer, with a capacity of 35 MW, at the Petrobrazi refinery. Together with the previously announced 20 MW unit, the total installed green hydrogen production capacity at Petrobrazi now amounts to 55 MW. […]
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, together with the Oltenia Energy Complex (CE Oltenia), announces the arrival in Romania of the first batch of photovoltaic panels – part of a total of approximately 800,000 panels – intended for the four solar parks with a total capacity of approximately 550 MW, under […]
OMV Petrom, the largest integrated energy producer in Southeast Europe has made the final investment decision for Gabare, one of the largest integrated solar energy and battery storage projects in Bulgaria. The project, located in the Byala Slatina region, includes a photovoltaic plant with a capacity of ~415 MWp and a battery storage system (BESS) […]
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, and SNGN ROMGAZ SA, the largest producer and main supplier of natural gas in Romania, announce the start of works on the offshore pipeline that will take gas from the sea and bring it to shore, marking an important progress in the Neptun Deep project, […]
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, and RNV Infrastructure announce that three wind projects, with a total installed capacity of approximately 300 MW, are entering the execution phase after the adoption of the final investment decision (FID). The projects already have the necessary authorizations, and production is estimated to start, in […]
Long-term energy consumption will increase in Romania and I believe that in the local energy market the ability to sign longer-term contracts will ensure security of supply and offer a better price, said Christina Verchere, CEO of OMV Petrom. “The project (Neptun Deep, ed.) is going well. We have now drilled the first four wells […]
OMV Petrom, the largest oil and gas producer, is slightly changing its investment policy, increasing its focus on traditional business, according to financial data for 2025, presented today. “Total gross investments of approximately 11 billion euros for the 2022-2030 strategy period are maintained, with the share of investments in the Transition to low and zero […]
OMV Petrom and CE Oltenia have started the construction of photovoltaic parks with a total capacity of 550 MW. The electricity produced is estimated to cover the equivalent of the annual consumption of around 410,000 households, contributing to national and European climate objectives. (Estimate based on the average capacity factor for solar energy in Romania […]
OMV Petrom aims to continue exploring and developing large-scale opportunities for natural gas resources in deep waters, while focusing on continuing the exploration and development of mature fields in Romania, according to the company’s CEO, Christina Verchere. ”OMV Petrom has been and remains a long-term partner for Romania in the development of the country’s natural […]
OMV Petrom, the largest integrated energy company in South-Eastern Europe, has completed the acquisition of the 50% interest in the Gabare photovoltaic project, developed by Enery in Bulgaria. Announced in June 2025, the transaction marks a significant step in OMV Petrom’s regional expansion and in strengthening its renewable energy portfolio. Located in Gabare, Byala Slatina […]
OMV Petrom, the largest energy company in Southeastern Europe, posted a net profit of 2.088 billion lei in the first six months of the year, on sales of 17 billion lei, according to data presented by the company. The profit is down 21% compared to the same period last year, with revenues down just 1%. […]
Neptun Deep, the natural gas extraction project in the Black Sea involving Petrom and Romgaz, is moving forward to deliver the first gas on time, in 2027, according to the schedule, Petrom says. The Neptun Deep project is being developed by OMV Petrom and Romgaz, each company having a 50% participation share in the project. […]
OMV Petrom, the largest energy company in Romania, recorded decreases in several business lines in the second quarter of the year, from an operational point of view, with the exception of gas sales to third parties and electricity production, according to data transmitted by the company. OMV Petrom’s total hydrocarbon production was, in the second […]
