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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]
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]
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 .
The emergence of oil production in the territory now known as Romania dates back to 1857, [1] with oil facilities gaining strategic military significance in 1916 during World War I. Throughout World War II , the Kingdom of Romania held the position as the largest oil producer in Europe, second only to the USSR, whose primary oil source was ...
Pages in category "Oil and gas companies of Romania" The following 16 pages are in this category, out of 16 total. ... Petrom; Petromidia Refinery; Petrotel Lukoil ...
National Iranian Oil Company Iran: North Oil Company Iraq: South Oil Company: Missan Oil Company: Midland Oil Company: Delek Israel: Isramco: Modiin Energy: Eneos Japan: Inpex: JAPEX: KazMunayGas Kazakhstan: Kuwait Petroleum Corporation Kuwait: Consolidated Contractors Company Lebanon: Petronas Malaysia: Petroleum Development Oman Oman: Oil and ...
In 2007, Petrom started negotiations with Oltchim (a major petrochemical company in Romania) for the sale of the petrochemical sector from the Arpechim Refinery. [5] The two companies agreed on the transaction and Oltchim had to pay around US$ 150 million to close the deal. [ 5 ]
It was discovered in 1989 and developed by Petrom. It began production in 1995 and produces oil . The total proven reserves of the Buștenari-Runcu oil field are around 240 million barrels (33×10 6 tonnes), and production is centered on 17,600 barrels per day (2,800 m 3 /d).