REG - OMV Petrom S.A. - Successfully replaced the refinery coke drums

OMV Petrom SAAnnouncement

23/08/2023 08:30

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RNS Number : 2045K  OMV Petrom S.A.  23 August 2023

 

 

 

 

 

OMV Petrom S.A.

Investor News

23 August 2023

 

OMV Petrom successfully replaced the coke drums at the Petrobrazi refinery

 

► The project value amounted to approximately EUR 70 million

► The coke drums were manufactured in Romania and were transported to the
refinery in two oversized transports

 

 

OMV Petrom, the largest integrated energy company in Southeast Europe, has
successfully completed the replacement of the four coke drums at the
Petrobrazi refinery. They play an essential role in the refining process,
ensuring the transformation of the heavy components into superior products.
The new equipment is designed to operate at full capacity for at least two
decades. The investment for the project totalled approximately EUR 70 mn.

 

Radu Căprău, member of the OMV Petrom Executive Board responsible for the
Refining and Marketing activity: "By replacing the coke drums, we improve the
efficiency and safety of our operations. The Petrobrazi refinery is now ready
to continue to provide quality fuels on the Romanian and regional market. I
congratulate the team that managed this challenging project, and I am glad
that the drums are manufactured here, in Romania."

 

Each coke drum weighs almost 200 tons, is approximately six metres in diameter
and 30 metres high, the equivalent of a ten-storey block. The project to
replace the coke drums started in 2021 and their installation in the refinery
took two months, during this year planned shutdown. A special crane, of almost
125 meters in height, equivalent to a 40-storey building, was used to replace
the coke drums. The crane can lift weights of 1,600 tons.

 

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 2
billion in the Petrobrazi refinery, with a third of this investment
contributing to reducing the impact on the environment.

Find out more about the replacement of the coke drums here
(https://www.youtube.com/watch?v=G6ImL2Dw7Tc) .

Watch here (https://www.youtube.com/watch?v=pZC2c-b_Ib0) how the coke drums
were transported to the Petrobrazi refinery.

 

 

About OMV Petrom

OMV Petrom is the largest integrated energy company in South-Eastern Europe,
with an annual Group hydrocarbon production of approximately 43 million boe in
2022. 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 neighbouring countries through
approximately 780 filling stations under two brands - OMV and Petrom.

OMV Petrom is a company in which Romanian shareholders hold over 42% of the
shares (of which the Romanian state, through the Ministry of Energy, holds
20.7%, and 21.7% are owned by pension funds in Romania, to which are added
almost 500,000 individual investors and other Romanian entities). OMV
Aktiengesellschaft, one of the largest listed industrial companies in Austria,
holds a 51.2% stake in OMV Petrom, and the remaining 6.4% are held by other
foreign investors. Of the total shares of OMV Petrom, 28.1% represents the
free float on the Bucharest Stock Exchange and the London Stock Exchange.

OMV Petrom is the largest contributor to the state budget, with approximately
39 billion euro in taxes and dividends paid between 2005 and 2022. During the
same period, the company invested approximately 17 billion euro. In 2022, the
taxes paid by OMV Petrom ensured 7% of Romania's tax revenues.

Since 2007, OMV Petrom has included corporate responsibility principles into
its business strategy. Between 2007 and 2022, the company has allocated around
120 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. OMV Petrom annually
reports on the progress made in implementing these recommendations.

 

 

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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