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Petrom to donate EUR 20,000 on June 1st to the hard hit children

  • Allocated budget by Petrom to support children from Spantov, Rast and Sarata villages
  • Actions developed through the Romanian Red Cross and Unicef Romania

Petrom, the largest oil and gas producer in South Eastern Europe, once again offers a helping hand to the communities affected by floods and donates an amount of EUR 20,000. This budget is used to carry out certain charity actions for the children from the affected areas, through Romanian Red Cross and UNICEF, on the occasion of the International Children’s Day. ”Petrom worked very closely with the Romanian Red Cross and also with UNICEF Romania; together, through the Petrom Move & Help :-) program we are developing many important projects for the community. Moreover, in order to mark the day of June 1st we have involved in the organization of actions that will certainly bring happiness to children from the hard hit areas” stated Gheorghe Constantinescu, CEO of Petrom.

The 20,000 euros will be used for the acquisition of clothes, shoes, toys, sweets and fruits. These will be distributed by Red Cross to the children from Spantov-Calarasi county. Similar actions will be organized in Rast and Sarata, Dolj county, through Unicef.
These are among the most seriously affected areas in April.

Petrom Move & Help :-) is a far reaching program of social involvement carried by Petrom for the protection and development of the community under Petrom Move & Help :-). The company is involved in long term social programs together with the Romanian Red Cross and UNICEF . Over EUR 1.3. mn were used in support programs for the hard hit, informing the population about disaster prevention, parental education in pre-school education.

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, an annual refining capacity of 8 million metric tons and around 550 filling stations in Romania. The company also has an international network with 82 filling stations located in Moldova and Hungary. This network was increased by 178 OMV premium stations in Romania, Bulgaria and Serbia-Montenegro, acquired in January 2006. In 2005 the turnover of Petrom was EUR 2,970 million, EBITDA was EUR 766 million. Following the share capital increase OMV, the leading oil and gas group in Central Europe holds a 51,011% 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 30.862% of Petrom shares, Property Fund SA holds 9,887%, the European Bank for Reconstruction and Development, 2.026% and 6.214% are owned by minority shareholders.