REG - OMV Petrom S.A. - OMV Petrom continues the investments in Petrobrazi

OMV Petrom SAAnnouncement

07/10/2022 09:15

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RNS Number : 1596C  OMV Petrom S.A.  07 October 2022

 

 

 

OMV Petrom S.A.

Investor News

7 October 2022

 

OMV Petrom continues to invest in modernizing Petrobrazi refinery

 

►  Investments of approximately EUR 70 million for the replacement of the
four coke drums

►  Installations arrived at the refinery with two oversized transports of
around 800 tons

 

OMV Petrom, the largest integrated energy company in South-Eastern Europe, has
successfully completed the transportation of four coke drums to Petrobrazi
refinery. These will become operational in 2023, replacing the current ones,
which have been operating since 1989. The project to replace the coke drums
was initiated in 2020. Approximately EUR 25 million have been invested so far,
while total investments amount to EUR 70 million.

Radu Căprău, member of the OMV Petrom Executive Board responsible for the
Refining and Marketing activity: "Replacing the coke drums is an essential
project for Petrobrazi refinery, improving the efficiency and safety of our
operations. The coke drums will be replaced during the 2-month general
turnaround planned for the first half of 2023."

The coke drums play an essential role in the refining process, ensuring, at
high temperatures, the transformation of the heavy components into superior
products. The weight of a coke drum is almost 200 tons, the diameter is about
6 meters, and the height of about 30 meters.

The coke drums were produced in Romania, in Bucharest. The transport of the
four coke drums was carried out in two stages, in compliance with all road
safety regulations, taking into account the oversized capacity. Each transport
was accompanied by police crews and included two trailer trucks and other
vehicles for logistical support.

The two convoys travelled 150 kilometres to the refinery. The transports were
carried out in 66 hours and required several logistical and administrative
operations to facilitate the safe crossing of roundabouts, under bridges or
electrified railway lines.

The Petrobrazi refinery has a total crude oil processing capacity of 4.5
million tons per year. Since 2005, OMV Petrom has invested more than EUR 1.8
billion in the Petrobrazi refinery, with a third of this investment
contributing to reducing the impact on the environment.

 

 

 

 

About OMV Petrom

 

OMV Petrom is the largest integrated energy company in South-Eastern Europe,
with an annual Group hydrocarbon production of approximately 47 million boe in
2021. The Group has a refining capacity of 4.5 million tons annually and
operates an 860 MW high-efficiency power plant. The Group is present on the
oil products retail market in Romania and neighboring countries through
approximately 790 filling stations under two brands - OMV and Petrom.

OMV Petrom shares are traded on the Bucharest Stock Exchange and the London
Stock Exchange. OMV Aktiengesellschaft, one of the largest listed industrial
companies in Austria, holds a 51% stake in OMV Petrom. The Romanian State,
through the Ministry of Energy, holds 20.6% of OMV Petrom shares, and 28.4% is
owned by natural and legal persons.

OMV Petrom is the largest contributor to the state budget, with approximately
35 billion euro in taxes and dividends paid between 2005 and 2021. During the
same period, the company invested approximately 17 billion euro.

Since 2007, OMV Petrom has included corporate responsibility principles into
its business strategy. Between 2007 and 2021, the company has allocated over
80 million euro to develop communities in Romania, focusing on environmental
protection, education, health, and local development.

On July 29th, 2020, OMV Petrom announced its support for the recommendations
issued by the Task Force on Climate-related Financial Disclosures (TCFD)
regarding risks and opportunities on climate change.

 

 

Contact:

OMV Petrom Investor Relations

Tel: +40 372 161930, Fax: +40 372 868518

e-mail: investor.relations.petrom@petrom.com
(mailto:investor.relations.petrom@petrom.com)

 

 

 

 

 

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