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June 29, 2022

New members elected to Petrom Supervisory Board

Investment budget for this year is 24 pc bigger than in 2012.


The presidents of the National Authority for the Restitution of Properties (ANRP) and of the National Authority for Regulating and Monitoring Public Acquisitions (ANRMAP), George Baesu, respectively Lucian Vladescu were elected Monday as members of the Supervisory Board of OMV Petrom, the company announced yesterday. Gheorghe Ionescu, the father-in-law of the daughter of President Traian Basescu, who was a candidate, decided to withdraw from the race, Mediafax reports. The new members will represent the state in the Supervisory Board of OMV Petrom for the next four years.

Through the Ministry of Economy, the state controls 20.6 pc of OMV Petrom. Also Monday, shareholders approved the proposal of the management team to allocate a pretax dividend of 0.028 RON/share from the record profit obtained last year, 9.6 pc under the 0.031 RON/share allotted for 2011. The investment budget for this year is 24 pc bigger than in 2012, according to the decisions passed by the General Assembly of Shareholders (AGA). The bulk of investments, about 80 pc, will go to exploration and production, and will allow the company to profit from growth opportunities through exploration works and the acquisition of exploration licenses. The marketing and refining operations will receive 17 pc of the budget and 4 pc will go to investments in gas and energy, headquarters and others.“For the last 8 years, OMV Petrom invested approximately EUR 9 bln, respectively some 86 pc of the operational profit, and remains the biggest investor in the Romanian energy sector,” reads the communiqué.

The shareholders in OMV Petrom S.A., registered as such on 14 May 2013, will receive dividends of 0.028 RON/share.The total sum that will be distributed as dividends, starting 18 June 2013, amounts to RON 1,586 M.

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