The total hydrocarbon production of OMV Petrom (SNP.RO), Romania's largest oil and gas company, stood at 113,500 barrels of oil equivalent (boe) per day in the third quarter of 2023, down 3.2% from the same period of 2022 and slightly lower versus the previous quarter, as per data aggregated by Ziarul Financiar (ZF) daily from a report published by Petrom at the Bucharest Stock Exchange.
OMV Petrom, the largest integrated energy company in Southeast Europe, has signed a contract for the purchase of natural gas with BOTAŞ, the national oil and gas company of Türkiye.
While many countries in northern and western Europe have either turned their backs on oil and gas production, or have major pressures to do so, in central and eastern Europe the main preoccupation remains energy security – and more specifically replacing the gap left by Russian exports. [Gas in Transition, Volume 3, Issue 8]
OMV Petrom (SNP.RO) shareholders starting with Austria’s OMV, which owns 51% in the company, on September 12 approved distribution of RON2.8 billion special dividends or RON0.045/share.