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OMV Petrom S.A. is a Romanian integrated oil company, controlled by Austria's OMV. [1] It is one of the largest corporations in Romania and the largest oil and gas producer in Southeast Europe. [2] Since 2004 it is a subsidiary of OMV. [3] With 2022 profits of EUR 12.5 billion, as of 2023, OMV Petrom is the largest company in Romania. [4]
Location of Romania. Romania is a sovereign state located in Southeastern Europe. Following rapid economic growth in the early 2000s, Romania has an economy predominantly based on services, and is a producer and net exporter of machines and electric energy, featuring companies like Automobile Dacia and OMV Petrom.
Petroleum field at Moreni, Romania (1920) During World War I Romanian wells were destroyed as the German–Austrian–Bulgarian armies advanced Five-Year Plan, 1951–1955: Oil production (Stamp of Romania) The emergence of oil production in the territory now known as Romania dates back to 1857, [1] with oil facilities gaining strategic ...
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In 1962 Petrobrazi became the first modern refinery in Romania with the addition of the catalytic cracking and reforming processes. [3] In 1965 the refinery was integrated with the Petrochemical Complex. In 1997 the state established Petrom as the national oil company also including the Petrobrazi Refinery. [3]
The owning company Petrom will invest €200 million in the redevelopment of the Suplacu de Barcău oil field and a further 70 million barrels (10.24×10 6 tonnes) of oil will be made available thus increasing the total reserves at 310 million barrels (29.26×10 6 tonnes).
Singapore Petroleum Company Singapore: Ceylon Petroleum Corporation Sri Lanka: Korea National Oil Corporation South Korea: Korea Gas Corporation: CPC Corporation Taiwan: PTT Thailand: Thai Oil: Türkiye Petrolleri Anonim Ortaklığı Turkey: Çalık Enerji: Aladdin Middle East Ltd. ("AME") Abu Dhabi National Oil Company United Arab Emirates ...
The Turnu oil field is an oil field located in Pecica, Arad County.It was discovered in 1964 and developed by Petrom.It began production in 1965 and produces oil.The total proven reserves of the Turnu oil field are around 51 million barrels (7×10 6 tonnes), and production is centered on 2,000 barrels per day (320 m 3 /d).