OMV Petrom, the largest integrated energy producer in Southeast Europe, is set to invest approximately EUR 750 million at its Petrobrazi facility to become the region’s first significant producer of sustainable fuels. This initiative is a critical component of the company’s broader strategy to transition towards a lower carbon future. Significant Investment in Renewable Energy […]
OMV Petrom and Romgaz have sanctioned a final investment decision (FID) for the development of the Neptun Deep gas project in the Romanian Black Sea. With an anticipated expenditure reaching up to €4 billion, this move marks a significant investment in the Romanian energy sector. Neptun Deep is considered the largest natural gas project in […]
European integrated energy company OMV Petrom is set to invest a total of €70 million for the modernization of the Petrobrazi refinery in Romania. Petrobrazi refinery has already €25 million of the earmarked investment and has completed the transportation of four coke drums to upgrade the refinery, which has a total crude oil processing capacity […]
OMV Petrom said that it made its first liquefied natural gas (LNG) delivery to Damen Shipyards Mangalia in Mangalia, Romania. The South-Eastern European energy company said that the LNG product was used for fueling a ship equipped with LNG engines. It is the first ship of this type that has been constructed in Romania, in […]