The company, majority-owned by Austria's OMV, faced lower oil prices, reduced sales volumes, and declining refining and sales margins.

OMV Petrom S.A. (Bucharest, Romania) announced the start of construction for a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit ...

Romanian oil and gas group OMV Petrom reported a 57% slump in fourth-quarter adjusted operating profit on Tuesday, citing weaker commodity prices and the impact of gas and power regulations.

OMV Petrom, an integrated energy producer, has expanded its partnership with Romanian green energy company Renovatio by purchasing a 50% stake in three solar projects totaling 130 MW. The ...

OMV Petrom, a majority-owned Romanian oil and gas supplier, has launched a tender to seek EPC contractors for the deployment of a 710 MW solar project in Babaita, Romania. The plant will consist ...