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Published May 26, 2005

Petrom - sponsor and partner of Romanian Red Cross

  • Two successful institutions, together for the good of the community
  • Petrom and Romanian Red Cross together in a nation-wide disaster preparedness campaign
  • Petrom's major involvement in the areas affected by floods

Petrom, South Eastern Europe's largest producer of oil and gas is joining Romanian Red Cross in a corporate social partnership with the purpose of developing a nationwide disaster preparedness campaign. The project's aim is to improve the resistance and the reaction capacity of the communities exposed to the risks of disasters, such as natural disasters (such as floods, earthquakes) or man-made incidents in different areas of the country. "We are a responsible company, perfectly aware of the importance required by health, safety and environment; Petrom is a company which has always been involved and will continue to be part of the community life, through actions developed for persons in need", said Mr Gheorghe Constantinescu, CEO of Petrom.

As a first step of implementing the cooperation between Romanian Red Cross and Petrom, regions with major risks have been identified, including the counties of Prahova, Dambovita and Arges.

The project will comprise of:

- the production of instruction materials adapted to local risks;
- drawing up maps of the dangerous areas, as well as displaying posters and information brochures;
- education of the people regarding the specific measures and actions recommended in case of disaster.

Petrom and the Romanian Red Cross strive for a longterm partnership which will initially last for two years and it reaches out to around 30,000 persons as direct beneficiaries. Project's budget amounts to Euro 120,000, for two years, and it's totally supported by Petrom. The program is scheduled to start in June 2005.

In the event of a disaster, Romanian Red Cross aims at a prompt and quick intervention which will determine a reduction of costs on a medium and long term agenda, as well as the limitation of consequences over the communities in the affected areas. An optimum intervention has to be accomplished in 2-3 hours time from the occurrence of the event. Any delay in providing help and support can bring about serious damages and losses of human lives. The team intervention trained by Romanian Red Cross, in collaboration with Petrom, will represent a key element of the whole process.

Taking into consideration the critical situation of the floods in the past couple of weeks, Petrom has decided to actively get involved in helping the victims of the disasters. The major involvement coming from Petrom consists of donating one billion lei to Romanian Red Cross. Following a permanent assessment of the existing needs, the money will be invested in support programs for the ones hit in the disasters.

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 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.

Romanian Red Cross
Romanian Red Cross is an NGO of national interest, based on voluntary service and it is a member of the International Red Cross Movement since its establishment in 1876. Guided in its activity by the Fundamental Principles of the Movement - Humanity, Impartiality, Neutrality, Independence, Voluntary Service, Unity, Universality - Romanian Red Cross contributes to alleviating and preventing human suffering under all forms, protects health and life, ensures respect for human dignity, without discrimination as to nationality, race, sex, religion, age, military, social and political beliefs. The main activity fields of the Romanian Red Cross are: disaster preparedness and intervention, health education, dissemination of international humanitarian law and humanitarian values.