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OMV Petrom Supports Romanian Performance in Gymnastics and Ski Jumping

  • Public-private partnerships carried out under the Petrom and OMV brands, in support of Romanian women`s gymnastics and ski jumping
  • 2.5 million Euro for the national women`s gymnastics team, between 2013 and 2016
  • 2.5 million Euro aimed at continuing to develop the discipline of ski jumping in Romania, between 2014 and 2017.

OMV Petrom, The Ministry of Youth and Sports, the Bucharest City Hall, the Romanian Gymnastics Federation and "Casa Campionilor" ("House of Champions") Foundation have signed a long-term public-private partnership.

As part of this partnership, OMV Petrom provides financing in the amount of 2.5 million Euro, to be used for the training of the women`s national gymnastics team and to carry out a national selection program, meant to promote gymnastics among children and to support them in their first years of training. This is the largest funding ever granted by a company to the women’s national gymnastics team, who brought Romania the most medals in international competitions. About 150 children aged 5 t o 9 will be selected and will enter the training program, which will be carried out in six sports clubs from Bucharest (Steaua and Dinamo), Deva, Onești, Timișoara and Constanța. The program will support the children’s training over a period of 3 years (2014-2016). Financing for the national women’s gymnastics team will ensure optimal conditions for training, both for the gymnasts, as well as for the technic and administrative staff (nutrition, health and education) and for acquisition of special sports equipment.

As part of the same protocol, the Ministry of Youth and Sports, together with the Bucharest City Hall, will coordinate the construction of a new Multi Functional Sports Hall in Bucharest, within the "Lia Manoliu" Sports Complex. The construction will be completed in 2016, so that, as of 2017, Romania may be able to host international gymnastics competitions in Bucharest.

Mariana Gheorghe, CEO OMV Petrom: "Romania has always had an important word to say in this sport, at an international level, and our gymnasts’ performances made history, filled us with emotion and made us proud to be Romanians. Even so, we had not yet had the opportunity to support our gymnasts in a competition at this level, here, in our country. Through this public-private partnership, a sports complex will be built in Bucharest, at international standards, which can host International and European gymnastics championships. This means more than pride and joy in encouraging our athletes from the tribunes - it also implies economic and image benefits for Romania."

OMV Group supports future Romanian ski jumping champions
"Our aim with the "OMV Move & Jump" project is to develop the ski jumping sport in Romania and to generate prospects for young people. We want to support young Romanian athletes passionate about this sport, and, as such, to continue the tradition launched 25 years ago, when OMV began supporting ski jumping. We have set an important goal for ourselves: to have a Romanian athlete rank amongst the world`s top ten in this sport – and we are confident that we wil manage to score very high", says Gerhard Roiss, CEO OMV Group.

Through the "OMV Move & Jump" program, launched in 2007 in partnership with the Romanian Biathlon Ski Foundation, OMV supports young Romanian ski jumpers reach a professional level in this sport and rank amongst the top ten of the world`s best ski jumpers in the coming years.

The action plan created for this goal includes development of specific training and competition programs, support in building ski jumping hills in Romania, as well as know-how transfer from renowned ski jumping experts.

The total investments for the 2007-2017 interval are estimated at circa 10 million Euro.

As part of a public-private partnership among the Romanian Biathlon Ski Foundation, Râșnov City Hall and OMV, with support from the Ministry of Regional Development and Tourism, the Râșnov Ski Jumping Center was built, in line with international standards – the first center of its kind in Romania and South-Eastern Europe. The Center includes four ski jumping hills certified by the International Ski Federation, which can be used throughout the year. From its inauguration in 2012, the Râșnov Center has hosted 3 international competitions: in June 2012 (FIS Summer Cup), February 2013 (the European Youth Olympic Festival), and, in March 2014, the first Ladies' Ski Jumping World Cup ever held in Romania.

OMV Petrom
OMV Petrom is the largest oil and gas group in South Eastern Europe, with activities in Exploration and Production, Gas and Power, and Refining and Marketing. The Group has consolidated its position on the oil market in South Eastern Europe following a far-reaching modernization and efficiency increase process, with investments of EUR 10 bn in the last nine years.

As of the end of 2013 the Group had proven oil and gas reserves of approximately 728 mn boe in Romania and Kazakhstan (707 mn boe in Romania). With a maximum annual refining capacity of 4.2 mn t, OMV Petrom is present in the distribution market for oil products in Romania, the Republic of Moldova, Bulgaria and Serbia through a network of approximately 800 filling stations, operated under two brands, Petrom and OMV. In Romania, this activity is performed through OMV Petrom Marketing, 100% owned by OMV Petrom.

To ensure sustainable development, OMV Petrom has expanded the gas value chain into power. In this context, OMV Petrom operates a 860 MW gas fired power plant at Brazi and a 45 MW wind park at Dorobantu.

In 2013 the Group’s turnover was EUR 5.473 bn, with EBIT of EUR 1.348 bn.

OMV, Austria’s largest listed industrial company, holds a 51.01% share in OMV Petrom. In Exploration and Production OMV is active in two core countries, Romania and Austria, and holds a balanced international portfolio. In Gas and Power, OMV sold approximately 425 TWh of gas in 2013. In Refining and Marketing, OMV has an annual refining capacity of 22 mn t and approximately 4,200 filling stations in 11 countries as of the end of 2013.

The Ministry of Economy holds 20.64% of OMV Petrom shares, the Property Fund holds 18.99% and 9.36% is free float on the Bucharest Stock Exchange.