Petrom sponsored an event for the transport companies in North-West Romania

May 29, 2009

• Transport companies – a traditional partner for Petrom
• The objective of the event: to identify solutions for business development

Petrom, the largest oil and gas producer in South-Eastern Europe, sponsored the event “The crisis: danger or opportunity? To what extent did your actions improve your company‘s situation?”. Organized for the transport companies in the north-west part of Romania, the event took place in May in Oradea and reunited 15 cargo transport companies.

Runtag Tivadar, Commercial Director for Marketing Division in Petrom: “Transport companies are a traditional and at the same time a very important partner for Petrom. By means of this event we wanted to meet their needs and create the necessary framework to identify the best solutions for the development of their business”.

During the meeting the talks focused on the challenges the transport companies are facing with because of the economic crisis, the solutions implemented so far and the main measures that would increase their performance on the short and medium term.

The issues raised by the transporters referred to reduced liquidity, decrease in number of orders as well as a low level of clients’ confidence and loyalty. Among the solutions identified by the participants during the meeting are adaptive planning, ensuring liquidity and also the ability to act on the short term to ensure results without the risk of diminishing the growth potential.

This type of seminars will take place on a regular basis as they are a good opportunity for the transport companies to share the best practices in the field and to get in touch with international management experts.

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 energy group in the European growth belt holds a 51.01% share in Petrom. OMV is active in 13 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% are owned by minority shareholders.