Energy

Romanian top oil and gas group OMV Petrom, majority-controlled by Austria’s OMV, reported on Tuesday (Oct. 29) sales worth RON26.7 billion in the first nine months of 2024, down 6% on an annual basis. Net profit increased by 54% to RON3.9 billion (EUR789.6) amid the absense of solidarity tax on refined crude oil, which had burdened the prior-year period’s profit by 2.355

Bucharest-listed OMV Petrom, the largest integrated energy company in Southeast Europe, signed a contract for the purchase of natural gas with BOTAŞ, the national oil and gas company of Türkiye. The contract was signed for a period of 18 months, starting October 2023 and allows for the supply of up to 4 million cubic meters per day. “Natural gas is essential for