Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPETB.L Regulatory News (PETB)

  • There is currently no data for PETB

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Photovoltaic panels in 110 filling stations

19 Sep 2022 08:47

RNS Number : 8903Z
OMV Petrom S.A.
19 September 2022
 

 

OMV Petrom S.A.

Investor News

September 19, 2022

 

 

OMV Petrom has installed photovoltaic panels in 110 OMV and Petrom filling stations in Romania and aims to reach 150 units by the end of 2022

 

►  The amount of electricity produced by the photovoltaic panels covers up to 25% of the consumption of a filling station

►  OMV Petrom's investments in this project amount to around EUR 3 million, up until now

 

 

OMV Petrom, the largest integrated energy company in South-Eastern Europe, has installed photovoltaic panels in 110 OMV and Petrom filling stations in Romania. Around EUR 3 million were invested until now in this project. By the end of this year, the number of filling stations equipped with photovoltaic panels in expected to increase to 150 units, thus covering around 30% of the OMV and Petrom branded filling stations in Romania. The estimated annual production of the photovoltaic panels will be 2,700 MWh, which is equivalent to the annual power needed for 1,500 apartments.

Radu Căprău, member of the OMV Petrom Executive Board, responsible for Refining and Marketing: "Reducing carbon emissions is a very important objective for us, whether we are talking about our own operations or the products we provide to our customers. By installing the photovoltaic panels, our retail network is taking a step forward in this direction. Our objective is that, by 2025, half of the entire network of OMV Petrom stations in Romania will be "solar" stations, with low energy consumption."

OMV Petrom has set out to achieve carbon neutrality for its own operations by 2050 and to contribute to the decarbonisation process of its customers. To generate new projects with low and zero carbon emissions, the company will invest EUR 3.7 billion out of its EUR 11 billion plan until 2030. This is the largest private investment plan in the Romanian energy sector.

 

About OMV Petrom  

 

OMV Petrom is the largest integrated energy company in South-Eastern Europe, with an annual Group hydrocarbon production of approximately 47 million boe in 2021. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency power plant. The Group is present on the oil products retail market in Romania and neighboring countries through approximately 790 filling stations under two brands - OMV and Petrom.  

OMV Petrom shares are traded on the Bucharest Stock Exchange and the London Stock Exchange. OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51% stake in OMV Petrom. The Romanian State, through the Ministry of Energy, holds 20.6% of OMV Petrom shares, and 28.4% is owned by natural and legal persons. 

OMV Petrom is the largest contributor to the state budget, with approximately 35 billion euro in taxes and dividends paid between 2005 and 2021. During the same period, the company invested approximately 17 billion euro. 

Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2021, the company has allocated over 80 million euro to develop communities in Romania, focusing on environmental protection, education, health, and local development.  

On July 29th, 2020, OMV Petrom announced its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) regarding risks and opportunities on climate change. 

 

Contact:

OMV Petrom Investor Relations

Tel: +40 372 161930, Fax: +40 372 868518

e-mail: investor.relations.petrom@petrom.com

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCGPUACBUPPUMB
Date   Source Headline
29th Apr 20207:00 amRNSOMV Petrom Investor News Q1/20
28th Apr 202011:42 amRNSAvailability of Q1 2020 results
27th Apr 20203:20 pmRNSAvailability of Annual Report 2019
27th Apr 20201:33 pmRNSOGMS Resolutions - 27 April 2020
16th Apr 20207:00 amRNSInformation regarding OGMS as of 27/28 April 2020
8th Apr 20207:00 amRNSQ1/20 Trading Update Key Performance Indicators
20th Mar 20209:02 amRNSOMV Petrom is ready to respond to COVID-19
17th Mar 20203:38 pmRNSProposal regarding dividend distribution
17th Mar 20203:33 pmRNSGMS Convening notice
13th Mar 20201:13 pmRNSChanges of compliance status with the BSE Code
3rd Mar 20203:03 pmRNSResolutions GMS - 3 March 2020
14th Feb 202010:23 amRNSNew low-sulfur marine fuel oil produced by Petrom
6th Feb 20207:00 amRNSInitial dividend proposal for 2019
6th Feb 20207:00 amRNSOMV Petrom Group Preliminary Results Q4/2019
5th Feb 20201:44 pmRNSAvailability of preliminary 2019 results
29th Jan 20203:27 pmRNSGMS convening notice
14th Jan 20207:00 amRNSQ4/19 Trading Update Key Performance Indicators
10th Jan 20201:25 pmRNSGMS Request
8th Jan 20202:58 pmRNSTransfer 40 fields
17th Dec 20191:05 pmRNSOMV Petrom expands its presence in Black Sea
31st Oct 20191:00 pmRNSOMV Petrom Financial Calendar 2020
30th Oct 20197:00 amRNSResults for January-September and Q3 2019
29th Oct 20198:28 amRNSAvailability of results as of September 30, 2019
9th Oct 20197:00 amRNSQ3/19 Trading Update Key Performance Indicators
8th Oct 20191:43 pmRNSNew gas discovery in Oltenia region
2nd Sep 20194:58 pmRNSCourt of first instance decision - re-judgement
6th Aug 201910:40 amRNSChange in Supervisory Board
31st Jul 20197:00 amRNSResults for January - June and Q2 2019
30th Jul 20191:16 pmRNSAvailability of half-year 2019 results
9th Jul 20197:00 amRNSQ2/19 Trading Update Key Performance Indicators
1st Jul 201911:30 amRNSOffshore drilling campaign
1st Jul 20199:03 amRNSAvailability of the Sustainability Report for 2018
26th Jun 201912:54 pmRNSEnvironmental permit Midia Plant
18th Jun 20191:18 pmRNSChange in Supervisory Board
13th Jun 20192:50 pmRNSHurezani gas treatment system completed
5th Jun 201911:46 amRNSPetrobrazi coker modernization
21st May 201911:09 amRNSModernization of Arad fuels terminal
16th May 20192:15 pmRNSDetails about dividend payment for 2018
3rd May 20197:00 amRNSResults for Q1 2019
2nd May 20193:21 pmRNSAvailability of Q1 2019 results
23rd Apr 20197:00 amRNSAvailability of the annual reports for 2018
23rd Apr 20197:00 amRNSOGMS Resolutions
23rd Apr 20197:00 amRNSChange in compliance status Audit Committee
17th Apr 201911:58 amRNSSanctions from National Environmental Guard
16th Apr 201911:42 amRNSNew CFO starts mandate
15th Apr 201911:17 amRNSNew Polyfuel unit has started production
10th Apr 20197:02 amRNSQ1/19 Trading Update Key Performance Indicators
14th Mar 20193:18 pmRNSExecutive Board Reappointment
14th Mar 20192:59 pmRNSConvening of OGMS
14th Mar 20192:57 pmRNSProposal regarding dividends distribution

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.