OMV Petrom is expanding its activity in the supply of natural gas in Bulgaria

OMV Petrom, the largest integrated energy producer in South-Eastern Europe, is expanding its activities in the supply of natural gas to the Bulgarian market. From October, industrial users in Bulgaria can take advantage of OMV Petrom's offers.

Frank Neal, Member of the Executive Board of OMV Petrom responsible for gas and electricity: "In the last two years, we have strengthened our presence in the Romanian market and started to expand our operations in the region. Bulgaria is a natural step, given the geographical proximity and the fact that we are already present in this market with the network of OMV petrol stations and with the exploration activities in the Black Sea".

For its entry into the market of supplies to industrial customers in Bulgaria, OMV Petrom relies on its experience as a leader in supplies to non-domestic customers in Romania. The company is upgrading its activities on the Bulgarian market, where it already sells wholesale gas.

Angel Yankov, manager for Bulgaria of OMV Petrom Gas & Power: "We believe that we will establish ourselves as a reliable partner for natural gas customers in Bulgaria, with personalized and flexible offers in line with their expectations."

OMV Petrom operates along the entire chain of activities related to natural gas - from extraction and processing to marketing and supply. The company is the second largest producer of natural gas in Romania with 3.3 billion cubic meters of production for 2023. Through its own production and supply contracts, the company has covered approximately 40% of the consumption in Romania in 2023.

OMV Petrom owns 50% of the Neptun Deep project and is its operator. Neptun Deep is the largest natural gas resource in the EU, with production estimated at around 100 billion cubic meters. The first gas from Neptun Deep is expected to be delivered in 2027.

In Bulgaria, OMV Petrom is present through the network of OMV gas stations and holds the exploration license and is the operator of the Khan Asparuh offshore block in the Black Sea.

For OMV Petrom

OMV Petrom is the largest integrated energy producer in South East Europe with annual Group hydrocarbon production of approximately 41 million barrels of oil equivalent in 2023. The Group has a refining capacity of 4.5 million tons per year and operates a highly efficient gas-fired power plant with a capacity of 860 MW, also present in the retail market of petroleum products in Romania and neighboring countries through approximately 780 gas stations under two brands - OMV and Petrom.

As of the end of 2023, Romanian shareholders own over 43% of the shares in OMV Petrom (of which the Romanian state, through the Ministry of Energy, owns 20.7%, and 22.5% is owned by pension funds in Romania, to which are added almost 500,000 individual investors and other Romanian legal entities). OMV Aktiengesellschaft, one of Austria's largest listed industrial companies, owns 51.2% of OMV Petrom, with the remaining 5.6% owned by other foreign investors. Of the total number of OMV Petrom shares, 28.1% represent the freely traded shares on the Bucharest Stock Exchange.

OMV Petrom is one of the largest contributors to the state budget, having paid approximately €42 billion in taxes and dividends over the period 2005-2023. During the same period, the company invested approximately 18 billion euros.

Since 2007, OMV Petrom has included the principles of corporate responsibility in its business strategy. Between 2007 and 2023, the company has committed around 160 million euros to the development of communities in Romania, focusing on environmental protection, education, healthcare and local development.

On 29 July 2020, OMV Petrom announced its support for the recommendations issued by the Task Force on Climate-Related Financial Disclosures (TCFD) on the risks and opportunities associated with climate change. OMV Petrom reports annually on the progress made in implementing these recommendations.