Published May 6, 2009

Petrom has opened an office in Brussels

May 06, 2009

First office of a Romanian company in Brussels

Petrom, the largest oil and gas producer in South-Eastern Europe, has opened an office in Brussels. The role of this office is to ensure an active participation to the elaboration of European politics and an information flow with regards to EU politics, activities of the European institutions and relevant projects for the company.

The office has been opened in May and is located on Av. Cortenbergh of 52, in the European institutions area, very close to Berlaymont building (headquarter of the European Commission) and Justus Lipsius building (headquarter of the Council of the European Union).

Along the European institutions a significant number of offices activate in Brussels representing the most important companies, administrative structures, employers associations etc., with the purpose to actively participate to the elaboration of European politics in their specific areas.

Mariana Gheorghe, CEO of Petrom: "It’s beneficial for a company to be present and active in Brussels given the fact that most of the legislation targeting our business will be debated and adopted there. Petrom is the first Romanian company which opened an office in Brussels, but I think other companies will follow our example because the voice and interests of the Romanian companies should be heard and known in the European environment. In addition, Romania's accession to the European Union offers the possibility of accessing European and structural funds and a representation office in Brussels could be very useful in this respect“.

Petrom’s activities in Brussels are managed by Petrom’s Corporate Communications & Public Affairs Department. Petrom shares the office with OMV.

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 Marketing as well as Gas and Power. Petrom exploits estimated proved oil and gas reserves of 0.9 bn boe, has an annual refining capacity of 8 mn t and holds around 550 filling stations in Romania. The company also has an international network of 257 filling stations located in Moldova, Bulgaria and Serbia. In 2008 the turnover of Petrom was EUR 4,552 mn, EBITDA was EUR 969 mn. OMV, the leading oil and gas group in Central Europe holds a 51.01% share in Petrom. OMV is active in 13 Central European countries in its Refining and Marketing business segment and in 19 countries in six core regions in Exploration and Production. Ministry of Economy holds 20.64% of Petrom shares, Property Fund SA holds 20.11%, the European Bank for Reconstruction and Development 2.03% and 6.21% are owned by minority shareholders.