Petrom

The Romanian oil and gas group OMV Petrom SA is a subsidiary of the Austrian OMV Group ( 51%). Petrom has 35 813 employees (as of 2007). The company is listed on the Bucharest Stock Exchange in Aktinenindex BET 10.

Petrom produces oil and gas in Romania and Kazakhstan. The daily production is approximately 217,000 barrels of oil equivalent, the reserves will be around 1 billion barrels. In two refineries it is processed and sold through a network of filling stations in Romania and Moldova. Since 2006, Petrom also operates the marketing business (Retail, Commercial) of OMV in Romania, Bulgaria and Serbia. In addition, Petrom has a fertilizer plant in the south of the country.

Petrom was founded in its form as a state oil company in 1997. 2004 privatized the state, the company, with the OMV was awarded the contract. This now holds a 51% stake in Petrom, approximately 21 % is held by the Romanian state, 20 percent of furnished for compensation of expropriation victims of communism Proprietatea Fund, 2%, the European Bank for Reconstruction and Development (European Bank for Reconstruction and Development), the remainder is in free float. OMV is now in the process of structuring the inefficient oil company and new to bring his equipment to the latest state of the art. In July 2011, the sale of state-owned Petrom stock shares on the Bucharest Stock Exchange failed. The subscription level not reached the desired rate. According to Economy Minister Ion Ariton of the government will be offering before the first quarter of 2012, the share packet back to the stock market.