- Petrom’s major involvement in the areas affected by the floods
- Petrom and Romanian Red Cross are carrying on a nation-wide disaster preparedness campaign
Petrom, South Eastern Europe’s largest producer of oil and gas involves actively in helping the inhabitants of Teleorman county, who are victims of the floods that occurred in the last period. The people from Teleorman, strongly affected by the floods, received 82 tons of Carpatina water, with an amount of approximately RON 50,000. “It is once again that Petrom supports the persons in need. It’s a moment when each of us should show compassion and social solidarity”, said Mr Gheorghe Constantinescu, CEO of Petrom.
Petrom also provided the necessary fuel to start evacuate the water from the damaged houses, with the motor pumps, respectively 1 tone of fuel and 60 liters of engine oil.
The fuel offered by Petrom contributed to the reducing of the floods effects in about 14 locations in Teleorman county.
Taking into account the critical situation in Romania, caused by the stern and long-standing floods in the last period, this year in May, Petrom joined Romanian Red Cross in a corporate social partnership with the purpose of developing a nationwide disaster preparedness campaign.
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.