Black Sea gas project, renewables to boost OMV Petrom investment

OMV Petrom SA

01/02/2024 08:06

BUCHAREST, Feb 1 (Reuters) - Romanian oil and gas group
OMV Petrom  ROSNP.BX  will ramp up investments to roughly 8
billion lei ($1.74 billion) annually for the next three years,
driven by its Neptun Deep offshore gas project in the Black Sea
and renewable power projects, its chief executive said on
Thursday.
    "Obviously, you've got in there the ramp-up of Neptun but
we've been actually very active in our low and zero carbon
opportunities," CEO Christina Verchere told Reuters in an
interview. "We're a power company already, but now we're
building a green power position as well of that."
    ($1 = 4.6097 lei)

 (Reporting by Luiza Ilie; editing by Jason Neely)
 ((luiza.ilie@thomsonreuters.com; +4021 527 0312; https://www.reuters.com/journalists/luiza-ilie))