Petrom introduces new names for the fuels sold throughout the network
- The name change has no impact on fuels characteristics or their price
Starting with May 1, 2012, the gasoline and diesel fuels sold at Petrom filling stations in Romania change their names. The new names have been simplified in order to facilitate the fuelling process. Fuel composition, usage benefits and prices are not influenced by the change.
Radu Caprău, Retail Manager: "We will continue to offer our customers the same reliable fuels, at our Petrom stations – the most accessible filling stations network in Romania. The name change reflects the desire to meet the fuel market dynamics and requirements of our customers and to provide the same products and services at international standards".
Given the logistics specific to this action, the process of adopting the new names and labelling the pumps started with April 20 and will run until April 30, 2012.
- Petrom fuel names valid with May 1, 2012, are the following:
- Benzină Standard 95 (previously: Premium Unleaded 95)
- Benzină Extra 99 (previously: Top Premium Unleaded 99+)
- Motorină Standard (previously: Euro Diesel 5)
- Motorină Extra (previously: Top Euro Diesel 5)
Learn more about the fuels sold in Petrom filling stations and their usage benefits at: www.petrom.com.
OMV Petrom is the largest oil and gas group in Southeastern Europe, with activities in the business segments of Exploration and Production, Gas and Power as well as Refining and Marketing . The Group consolidated its position on the oil market in Southeastern Europe following a far-reaching modernization and efficiency increase process whereas investments accounted for more than EUR 7.7 bn during the last seven years.
In Romania and Kazakhstan, the Group exploits proved oil and gas reserves of approximately 812 mn boe (in Romania 786 mn boe) and has a maximum annual refining capacity of 4.5 mn tons.
OMV Petrom is present in the distribution market for oil products in Romania, 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.
For its sustainable development, OMV Petrom has expanded the gas value chain into power. In this context, OMV Petrom is developing a 860 MW gas fired power plant project at Brazi and began commercial operations at the Dorobantu 45 MW wind park.
In 2011, the Petrom Group’s turnover was EUR 5,333 mn, EBIT was EUR 1,164 mn.
OMV, one of Austria’s largest listed industrial companies 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 24 bcm of gas in 2011. In Refining and Marketing, OMV has an annual refining capacity of 22.3 mn t and as of the end of 2011 approximately 4,500 filling stations in 13 countries including Turkey.
The Ministry of Economy, Trade and Business Environment holds 20.64% of OMV Petrom shares, the Property Fund SA holds 20.11%, the European Bank for Reconstruction and Development 2.03% and 6.21% is free float on the Bucharest Stock Exchange.