Romania provides emergency fuel relief for OMV Petrom refinery

Business Forum

5 August, 2025 at 8:59 AM

The Romanian Minister of Energy, Bogdan Ivan, said that the country's supply of fuels is stable and continuous, despite OMV Petrom's issues with an import batch of petroleum products.

Ivan said he approved the distribution of 80,000 tonnes of crude oil and 30,000 tonnes of diesel from the state reserves to prevent any operational issues at the Petrobrazi refinery, owned by OMV Petrom. The oil major faced a supply gap due to a “contaminated” stock of imported oil products.

“This ensures the continuity of operations at the Petrobrazi refinery and maintains a stable national market for petroleum products. These quantities represent less than 5.5% of the national emergency stock. The reserves, totaling over 2 million tonnes, will be replenished within 60 days,” said Ivan.

With an annual refining capacity of 4.5 million tonnes of crude oil, Petrobrazi is one of Romania's most important refineries.

At Petrobrazi, crude oil is processed and transformed into a wide range of quality petroleum products, including petrol, diesel, LPG, aviation fuels, and other petroleum products.

OMV Petrom advances with €4 billion gas investment in Romania

Oil major OMV Petrom is progressing with its Neptun Deep development project, expecting first gas production in 2027 with estimated investments of up to €4 billion.

Energy

Refining margins and retail growth push MOL Group Q3 profit to $503 million

MOL Group has announced its financial results for Q3 2025, achieving a $503 million profit before tax, which remained flat year-on-year.

Energy

OMV Petrom reports 13% drop in nine-month net profit

OMV Petrom recorded a 13% decrease in its net profit over the first nine months of the year. Net profit fell to RON 3.4 billion (€668.4 million), while organic investments saw a 28% increase,

Energy

MOL Group reports 56% decrease in Q2 profit amid macroeconomic slowdown

MOL Group reported a profit before tax of $236 million in the second quarter of 2025, marking a 56% year-on-year decrease. The company's performance was impacted by a slowing regional macroeconomic environment.

Energy

OMV Petrom sees 21% profit dip in H1 2025

OMV Petrom registered a net profit of RON 2.08 billion (€419.7 million) in H1 2025, a 21% decrease compared to RON 2.62 billion (€528.2 million) in the same period last year.

Energy

Romanian energy regulator approves infrastructure worth €758 million for Neptun Deep Project

Romania's National Energy Regulatory Authority (ANRE) has granted the establishment authorization for the upstream supply pipelines essential for natural gas production.

Energy