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Published July 28, 2005

More help from Petrom

  • 245 stoves and 245 LPG cylinders from Petrom donated to the victims of the floods from Asau – Bacau County
  • EUR 1 million to go to the victims of the floods, out of which EUR 750,000 through Red Cross of Romania and EUR 250,000 to go directly to the affected people
  • In May, Petrom and the Romanian Red Cross started a National Disaster Preparedness Campaign
  • Upon the initiative of some of the employees, the management of Petrom opened a donation account called Petrom Solidarity

Petrom, the largest oil land gas producer in South East Europe, is running a far-reaching campaign to help the victims of the floods that seriously damaged a large number of areas in Romania. Today 245 families of Asau received stoves and LPG recipients from Petrom representatives. „The only way to get to really know the actual proportion of the tragedy these people are going through is to be there right in the middle. Solidarity is crucial in these moments and Petrom takes on the responsibility to massively bring its contribution so as the lives of the persons affected should be restored to their normal way” said Mr. Gheorghe Constantinescu, Chief Executive Officer of Petrom.

Petrom representatives went today to Asau; many of the families living here are victims of the recent floods. The homes of 108 families of Asau were totally damaged and around 150 homes were seriously affected. The access roads to the village were blocked in certain areas. A number of 245 families was offered stoves and LPG cylinders, but, moreover, the hope for a better future.

The actions that Petrom takes, directly or through the Romanian Red Cross, are part either of short term programs that consist of water supply, diesel oil, first aid items, or in large programs to rehabilitate the affected areas and to prepare the population against possible disasters. In order to fully support all these projects, Petrom, the largest Romanian company, allocated EUR 1 million

For the purpose of helping the population in the affected areas, Petrom provided EUR 750,000 for the acquisition and distribution of tents, first emergency hygienic packages and pumps for cleaning and disinfecting the wells. More than that, a part of the money will be used to carry on reconstruction and rehabilitation of these areas under the coordination of the Romanian Red Cross.

Five of the counties of the country that suffered the most severe damages, Timis, Teleorman, Vrancea, Cluj and Bacau benefited directly from the financial support of Petrom. Approximately EUR 70,000 have been used so far to reduce the aftermath of the floods, to evict the water and to purchase items that were strictly necessary.

Besides the active help granted to the affected people, Petrom also takes into account the importance to educate the population in order to prevent and reduce the consequences of the disasters. Therefore, in May this year, Petrom and the Romanian Red Cross started a far-reaching program with the purpose of getting the people become aware of the specific measures and recommended actions in case of disasters.

Upon the initiative of some of the employees, out of the wish to join the efforts with those supporting the affected persons, the management of the company opened a donation account called Petrom Solidarity. The account is available to all Petrom employees who wish to bring their contribution to charity actions.

Background Information
Petrom SA
Petrom is the largest Romanian oil and gas group, with activities in the business segments of Exploration and Production, Refining and Petrochemicals, as well as Sales and Marketing. Petrom has estimated oil and gas reserves of 1 billion boe, refining capacity of 8 million metric tons and 600 filling stations. In 2004 the sales revenue of Petrom was EUR 2,143 million, EBITDA was EUR 28 million. Since December 2004 OMV, the leading oil and gas group in Central Europe holds a 51% share in Petrom. OMV is active in Refining and Marketing, Exploration and Production, Gas as well as Chemicals in 28 countries on five continents. The Romanian state holds 40.74% of Petrom shares, the European Bank for Reconstruction and Development, 2.03% and 6.23% are owned by minority shareholders.