News 2012
# 2 (74), April 2012OMV Petrom
Austrian OMV conducts negotiations with the Russian companies on the sale of a 51 % interest belonging to it in the largest oil and gas group of Romania, OMV Petrom, writes the Romanian newspaper Bursa referring to Mihai Maxim, head of the Romanian-Russian Chamber of Commerce and Industry.
“It’s likely that the Austrian group OMV conducts negotiations with the Russians in order to sell part of Romania. Romania pushes the Austrians to sale shares only to those who can provide uninterrupted deliveries,” he said. OMV bought Petrom in the summer of 2004 for 1.5 billion euro approximately.
Then, an opportunity to purchase this package was reviewed by such Russian companies as ТНК-ВРand Gazprom. The Ministry of Economy of Romania holds 20.6389 % in Petrom, the Property Fund – 20.1100 %, other 8.2406 % of shares are at minoritarian shareholders. Romania already tried to sell an 8 % interest in Petrom, but has not received competitive offers.
A controlling package of OMV Petrom belongs to Austrian oil and gas concern OMV (Osterreichische Mineralolverwaltung AG), largest in Central Europe, which in 2004 acquired a 51 % interest in Romanian Petrom for 1.5 billion euro. The Ministry of Economy of Romania owns 20.6 % in the company, Romanian Fund Fondul Proprietatea possesses a share of 20.1 %, the remaining shares are traded at the Bucharest Stock Exchange.
The charter capital of OMV Petrom comprises 18.9 million leu(4.5 million euro). Such companies enter OMV Petrom as Tasbulat Oil Corporation (Kazakhstan), Korned (Kazakhstan), Kom Munai (Kazakhstan), Petrom Exploration & Production, Petrom Moldova (Moldova), Petrom LPG (Romania), OMV Petrom Marketing (Romania), OMV Bulgaria (Bulgaria), OMV Srbija (Serbia), Aviation Petroleum (Romania), OMV Petrom Gas, Petrom Aviation (Romania), Petrom Distributie Gaze, Wind Power Park, and Petromed Solutions, informs Neft of Russia.