Petrom facts for kids
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| Societate pe Acțiuni | |
| Traded as | BVB: SNP |
| Industry | Oil and gas industry |
| Founded | 1991 |
| Headquarters |
PetromCity, Bucharest
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Key people
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Christina Verchere (CEO) |
| Products | Petroleum products Petrochemicals Microelectronics chemicals |
| Revenue |  21.5 billion RON (€8.9 billion) (2014) |
| 2.1 billion RON (€475 million) (2014) |
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| Total assets | 43.1 billion RON (€9.7 billion) (2014) |
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Number of employees
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17,799 (2014) |
| Parent | OMV (51%) Romanian Government (20%) |
OMV Petrom S.A. is a big Romanian company that works with oil and gas. It is mostly owned by Austria's OMV company. OMV Petrom is one of the largest companies in Romania. It is also the biggest oil and gas producer in Southeast Europe.
Since 2004, it has been part of OMV. In 2022, OMV Petrom made a profit of 12.5 billion Euros. This made it the largest company in Romania in 2023.
Contents
History
In late 2004, the Romanian government sold Petrom to the Austrian oil company OMV. This was the biggest sale of a state-owned company in Romania's history at that time.
Before 2005, Petrom owned six platforms for drilling oil in the sea. Five of these were sold to another company, Grup Servicii Petroliere.
In January 2006, Petrom bought OMV's businesses in Romania, Bulgaria, and Serbia and Montenegro. This meant that OMV's gas stations became part of Petrom. However, they still kept the OMV name.
From January 1, 2010, the company officially changed its name to OMV Petrom.
In April 2010, OMV Petrom started new projects in electricity. They bought a company that was building the Dorobanţu Wind Farm. This farm uses wind to make electricity.
On May 18, 2010, OMV Petrom finished an important project in the Black Sea. They worked on the Lebăda Est and Lebăda Vest oil fields. This work was expected to help them produce more oil in 2010.
In June 2010, OMV Petrom started a new gas delivery system called Hurezani. This system helps to send gas into the national network more smoothly. It is especially useful when there is a lot of pressure in the gas system.
In July 2010, OMV Petrom signed a 15-year deal with Petrofac. This company helps to improve oil production. They planned to increase oil production by at least 50% in the Țicleni area of Romania.
On December 2, 2010, OMV Petrom opened its new main office, Petrom City. This building is in northern Bucharest. About 2,500 employees from different offices moved there.
In 2010, the Hurezani gas delivery system was fully opened. It included a new compressor station and new pipes. This project cost about 135 million Euros.
OMV Petrom stopped buying oil from Russia in April 2022. They decided to buy oil from other places, even if it cost more. At that time, it was the biggest energy company in Romania.
In December 2022, a Romanian investment fund sold its shares in OMV Petrom. However, OMV in Austria still owns most of the company. In early 2023, OMV Petrom announced that its income in 2022 was much higher than in 2021. This confirmed its position as the largest company in Romania.
In February 2023, Christina Verchere, the CEO, said that OMV Petrom was close to starting a big gas project. This project, called Neptun Deep, is in the Black Sea. They expect to start getting gas from it by 2027.
The Romanian government wanted OMV Petrom to pay more money from its large profits. In March 2023, lawmakers were working on new rules for this. OMV Petrom had said it didn't need to pay these extra amounts under the old rules.
Operations
OMV Petrom works in many countries besides Romania. These include Bulgaria, Serbia, Hungary, Moldova, Kazakhstan, and Iran.
In Moldova, OMV Petrom has 73 gas stations. It is one of the top oil companies there. In Hungary, they have at least two gas stations.
OMV Petrom is a leading company in several countries:
- Romania - It is the largest company.
- Moldova - It is the second largest company, with 31% of the market.
- Bulgaria - It is the third largest company, with 18% of the market.
- Serbia and Montenegro - It is the third largest company, with 13% of the market.
In 2007, the company produced 5.5 billion cubic meters of natural gas. It also produced 191,000 barrels of crude oil each day.
OMV Petrom Bucharest International Half Marathon
OMV Petrom helped organize the second Bucharest International Half Marathon in 2013. This event was put together by the Bucharest Running Club Association. It also worked with the Romanian Athletic Federation and Bucharest City Hall. OMV Petrom was the main sponsor.
More than 6,000 people from 43 countries ran in this event.
Half Marathon Winners
| Rank | Men | Time | Women | Time | ||
|---|---|---|---|---|---|---|
| 1 | Kirui Nicholas Kipngeno |  Kenya |
1h 04' 07" | Naali Mary Xwaymay |  Tanzania |
1h 16' 32" |
| 2 | Lesuuda Andrew Papasio | Kenya |
1h 04' 53" | Alebachew Selam Abere |  Ethiopia |
1h 18' 20" |
| 3 | Kanda Japhet Kimutai | Kenya |
1h 07' 12" | Nicoleta-Alina Petrescu |  Romania |
1h 20' 24" |
| 4 | Maritim Kipkoech | Kenya |
1h 09' 04" | Rodean Ana-Veronica | Romania |
1h 24' 51" |
| 5 | Slimani Benazzouz |  Morocco |
1h 10' 12" | Grădinariu Alexandra | Romania |
1h 30' 26" |
The half marathon took place on May 19 in Constitution Square, Bucharest. There were four main races: a half marathon (about 21 kilometers), a team relay, an individual 10.5 km race, and a popular 3.5 km race. There was also a fun race for kids aged 4-12.
Rankings and Awards
OMV Petrom has received many awards and recognitions over the years:
- It was named "The most valuable company in Romania" by "Ziarul Financiar" from 2005-2011.
- It won a "Trophy for Excellence in Investments in Southeastern Europe" in 2005.
- It was ranked first in "Top Companies in Sector 1" by the Chamber of Commerce and Industry of Romania in 2008-2009.
- It was also first in the "National Awards for companies in Romania" in 2008-2009.
- Finmedia named it the "Leading Company in Romania" in 2008, 2010, and 2011.
- Habitat for Humanity recognized it as "The largest sponsor and the corporation with the largest impact" in 2009.
- SeeNews called it "The largest company in Southeastern Europe" in 2010-2011.
- It won a Safety Award for improving safety at work in 2010.
- Its "Andrei's School" program was named the "Best CSR program" in 2010.
- "Ziarul Financiar" listed it as "The largest oil company in Romania" in 2012.
- It was first in Finmedia's "Top 100 Companies" list in 2012.
- It was recognized for having the "largest capitalization" on the Bucharest Stock Exchange (BVB) in 2012.
- It won an award for the "Best CSR strategy" in 2012.
- It won a bid to explore for gas and oil in the Black Sea area of Georgia.
See also
In Spanish: Petrom para niños
