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Published June 24, 2010

Petrom produces polymer modified bitumen in Romania

  • The product is sold through OMV Petrom Marketing SRL
  • OMV Petrom Marketing SRL targets annual sales of modified bitumen of approximately 25,000 tons in 2010

Petrom, the largest oil and gas producer in Southeastern Europe, started the production of polymer modified bitumen in Romania – under the brand name OMV Starfalt® PmB.

Rainer Schlang, member of Petrom Executive Board, responsible for Marketing and General Manager of OMV Petrom Marketing SRL: "The fact that we are now producing this modified bitumen, OMV Starfalt PmB, also in Romania brings a series of benefits to our clients: we continue to supply the same top quality product while the delivery time is reduced by approximately  50%. Also, transportation costs will significantly diminish."

OMV Starfalt® PmB has been sold on the Romanian market since 2008 through OMV Petrom Marketing.

OMV Starfalt® PmB is a bitumen binder modified with elastomer, obtained based on a technology developed in OMV laboratories. The production process is patented by OMV and is undertaken in accordance with EN ISO 9001.

OMV Starfalt® PmB’s main features are its special elasticity, wide plasticity range and has an excellent adhesion under all climatic conditions. Therefore, the product represents the best solution for roadworks under difficult weather conditions and heavy traffic.

The production of asphalt with OMV Starfalt® PmB is easily performed on conventional equipment thus no additional modifications are necessary.

The asphalt mixes that contain OMV Starfalt® PmB are characterized by increased longevity, high stability, very good deformation stability and high resistance to cracking caused by low temperature and fatigue.

OMV produces polymer modified bitumen in Germany, Austria and in Hungary.

For the current year, OMV Petrom Marketing SRL estimates a sales volume of approximately 25,000 tons of polymer modified bitumen, on the Romanian and Bulgarian market.

OMV 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 823 mn boe in Romania (854 mn boe at group level), 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 268 filling stations located in Moldova, Bulgaria and Serbia. In 2009 the turnover of Petrom was EUR 3,029 mn, EBITDA was EUR 696 mn. OMV Aktiengesellschaft, the leading energy group in Central and South-eastern Europe holds a 51.01% share in Petrom. OMV is active in 12 Central European countries in its Refining and Marketing business segment and in 17 countries on four continents 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% is free float on Bucharest Stock Exchange.

OMV Petrom MARKETING S.R.L.
OMV Petrom MARKETING has been present on the Romanian market since 1998 with headquarters in Bucharest and it is owned by OMV Petrom SA, the largest oil and gas producer in Southeastern Europe. OMV Petrom MARKETING currently operates a network of 104 OMV filling stations, which represents a market share of 9% in the fuel retail sector.

OMV is leader on the Romanian market as regards quality of products and services and has introduced the concept of filling stations as multifunctional service centres. The product and services portfolio of the OMV stations is unique in Romania and includes the 104 VIVA restaurants and shops, as well as high performance car washing facilities, innovative services for cash transfer and bank loan payment.

OMV was the first ecological network in Romania and the only network that uses additives on all fuels, being also the first oil company to sell Euro 3, 4 and Euro 5 fuels, high-quality diesel especially produced for the winter season - OMV Alpin Diesel and a 100 octane fuel - OMV Carrera 100.

Note
Petrom intends to consolidate the Marketing activities of Petrom group in Romania, currently performed by three legal entities – OMV Petrom SA, OMV Petrom Marketing SRL and M.P. Petroleum DistribuĊ£ie SRL – into one single entity, OMV Petrom Marketing SRL.