16.1 C
April 22, 2021

OMV: Buying Petrom Romania was vital for Austrian group’s survival

Buying Petrom Romania was the essential step in OMV’s development, making the Austrian group what it is today, OMV CEO Gerhard Roiss stated on Tuesday at the review of the 17 years he spent as a member of OMV’s leadership team, APA informs.

“If we hadn’t taken over Petrom it would have been very difficult for us to survive economically in the current climate,” Gerhard Roiss stated at a meeting organized by the club of economic journalists in Vienna.

OMV Petrom is the biggest integrated oil group in South-East Europe, having an annual oil and natural gas production of 66 million barrels of oil equivalent. The group has a refining capacity of 4.2 million tons per year, owns an 860-MW high-efficiency electricity plant and a 45-MW wind farm. On the oil product distribution market OMV Petrom has approximately 780 gas stations in Romania and in neighbouring countries.


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