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September 29, 2022

OMV Petrom sells electricity at the lowest price of the market

OMV Petrom (SNP), controlled by Austrian group OMV, made its debut on the electricity trading market OPCOM with energy sale offers up to the total value of RON 116.6 M (EUR 25.6 M), Mediafax reports. The company scheduled for December 12 and 13 a total number of 10 auctions for the sale of 0.5 TWh of electricity, according to Mediafax. The electricity will be delivered in 2013. The prices asked by OMV Petrom are 222.5 and 227.5 RON/MWh, close to the price obtained recently by Hidroelectrica – the state company with the lowest production costs in Romania. The minimum price asked by Petrom is close to that charged by Hidroelectrica, which imposed a starting price of 220 RON/MWh in its auctions. The other electricity producers, which belong to the thermo category, have much higher prices. For example, in the same conditions, Complexul Energetic Oltenia sells electricity at 241 RON/MWh. In a different move, Petrom is close to reaching an agreement with NIS, the Serbian division of Gazprom Neft, for the sale of 60 fuel stations in Romania, market sources announced, quoted by Money.ro. “Negotiations entered the straight line. The final decision will come from Vienna,” explained the sources, which added that several employees of Petrom’s business development division already left the company and joined the Romanian office of NIS.

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