OMV Petrom

What OMV Petrom does

OMV Petrom SA is Romania's largest integrated oil and gas group, operating across three business segments: upstream exploration and production (onshore and Black Sea offshore fields), downstream refining and marketing (the Petrobrazi refinery near Ploiesti and a network of 800+ filling stations across Romania), and gas and power (the Brazi gas-fired power plant, natural gas and electricity supply, and a growing renewables portfolio). The company serves industrial and commercial B2B customers, retail consumers through its filling station network, and Romanian households as a natural gas Supplier of Last Resort under regulated frameworks. It is majority-owned by Austria's OMV AG and listed on the Bucharest Stock Exchange under ticker SNP, with the Romanian state holding a significant stake.

Revenue is generated through commodity sales: crude oil and natural gas extraction sold into domestic and regional markets; refined fuels and petroleum products sold through retail and direct B2B channels; and natural gas and electricity sold to industrial, commercial, and residential customers. Pricing is not publicly disclosed and follows market and regulatory frameworks rather than fixed tiers. The company's flagship growth asset is Neptun Deep, a €4 billion, 50:50 joint venture with state-owned Romgaz described as the EU's largest offshore natural gas development, featuring deepwater platforms, subsea infrastructure, and a 160km pipeline to shore, with first gas targeted for 2027.

Under its Strategy 2030 program, OMV Petrom has committed €11 billion in planned investments through 2030 toward energy transition assets, including a €750 million sustainable fuels program at Petrobrazi (SAF and HVO production, a 20 MW green hydrogen facility using Neuman & Esser electrolyzer technology), solar and battery storage projects in Romania and Bulgaria (a 400 MW JV with Enery, the 415 MWp/600 MWh Gabare project), and power purchase agreements for renewable electricity. The company also holds Black Sea exploration stakes (Han Asparuh, Han Tervel with Shell and TPAO) and is in early discussions with Ukraine's Naftogaz on a Black Sea gas development.

Name

OMV Petrom

Legal name

OMV Petrom SA

Website

https://omvpetrom.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Romania's largest integrated oil and gas group, operating across upstream exploration and production, downstream refining and marketing, and gas and power. Serves industrial B2B customers, retail fuel consumers, and Romanian households; majority-owned by OMV AG.

Ownership category

akta.pro rank

Product category

Integrated Oil & Gas

NAICS

Crude Petroleum Extraction (21112), Petroleum Refineries (32411)

SIC

Crude Petroleum & Natural Gas (1311), Petroleum Refining (2911), Oil & Gas Field Exploration Services (1382), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Oilfield & Refining Specialty Chemicals (IMAEABAI)

Keywords

• Integrated oil and gas
• Petroleum refining
• Natural gas supply
• Fuels retail marketing
• Renewable energy production

Headquarters

HQ city

Bucharest

HQ country

Romania

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Exploration and Production: Oil and gas exploration and production operations in Romania's Black Sea and onshore fields, including Neptun Deep development with Romgaz partnership. The company extracts crude oil and natural gas for sale into domestic and regional markets.
2. Refining and Marketing: Operation of Petrobrazi refinery near Ploiesti producing high-quality fuels, sustainable mobility solutions and refined petroleum products. Products sold through filling station network and direct to commercial customers.
3. Gas and Power: Natural gas and electricity generation and sales to industrial, commercial and residential customers in Romania and the region. Includes Brazi power plant operations and growing renewable energy portfolio.
4. Sustainable Aviation Fuel (SAF) and HVO Supply: Five-year contract worth €800 million to supply sustainable aviation fuel and hydrotreated vegetable oil from Petrobrazi refinery, with deliveries starting 2028 and possible five-year extension.
5. Renewable Energy (PPA): Power purchase agreements for renewable energy, including Romania's largest physical solar PPA with DRI for Vacaresti solar farm, where half of generated electricity will be sold to OMV Petrom from January 2027.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

OMV Petrom is an integrated energy company that explores and produces crude oil and natural gas (including offshore Black Sea operations), refines petroleum products at the Petrobrazi refinery, sells fuels and petroleum products through its own retail filling station network and wholesale channels, and supplies natural gas and electricity to Romanian households and industrial customers. The company is also expanding into low-carbon products such as sustainable aviation fuel (SAF), hydrotreated vegetable oil (HVO), green hydrogen, and renewable power generation.

Product overview

OMV Petrom is Romania's largest integrated energy company, operating as a multi-business energy group with a portfolio spanning upstream oil and gas exploration and production, downstream refining and marketing, and a growing presence in gas-fired power generation and renewable energy. The company operates the Petrobrazi refinery — its core downstream asset producing conventional fuels, sustainable aviation fuel (SAF), hydrotreated vegetable oil (HVO), and green hydrogen — alongside a network of filling stations, natural gas and power supply offerings, and the flagship Neptun Deep offshore gas development project in the Black Sea. On the energy transition path, OMV Petrom is developing green hydrogen production at Petrobrazi (20 MW electrolyser), solar and battery storage projects in Romania and Bulgaria (including a 400 MW joint venture with Enery and the 415 MW Gabare project in Bulgaria), and has an €800 million SAF/HVO supply contract commencing 2028. The company also holds exploration stakes in the Han Asparuh and Han Tervel Black Sea blocks, and participates in EU CO2 storage and carbon capture initiatives under the Net Zero Industry Act.

Differentiator

Problem solved

Functional benefit

Brands

• Petrobrazi: OMV Petrom's major refinery located near Ploiesti, Romania
• Neptun Deep
• Petrom City

Products and services

• Fuels (Refined Petroleum Products) Refined petroleum fuels (gasoline, diesel and related products) produced at the Petrobrazi refinery and sold to retail and wholesale customers for transportation use across Romania.
• Natural Gas Supply Natural gas supplied to households and industrial customers in Romania, both as a regulated Supplier of Last Resort and via competitive offers, sourced from domestic production including Neptun Deep.
• Electricity (Power) Supply Electricity supplied to household and commercial customers, supported by generation from the Brazi power plant and renewable assets such as the Petrobrazi PV park and Gabare solar park.
• Special Fuels, Additives and Petroleum Products Specialty fuels, fuel additives and related petroleum products supplied to commercial and industrial customers for specific applications.
• Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO) SAF and HVO produced at OMV Petrom's facilities and supplied to aviation and industrial customers under multi-year contracts to support decarbonization and compliance with EU blending mandates.
• Green Hydrogen Production Green hydrogen produced via a 20 MW electrolyzer at the Petrobrazi refinery for supply to industrial and mobility customers, supporting decarbonization of refining and external demand.
• Renewable Energy Supply (Power Purchase Agreements) Renewable electricity sourced from solar PV assets such as the Petrobrazi PV park and Gabare solar park, supplied to customers under power purchase agreements.
• Filling Station Retail Network Branded retail fuel and convenience services operated across OMV Petrom's nationwide filling station network in Romania for individual motorists and small commercial customers.

Quantifiable outcome

• Transformational project expected to increase Romania's natural gas production from 87 kboe/d to approximately 150 kboe/d
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

16 partnerships are on record, tiered core, strategic, minor and potential.

• RomgazcoreStrategic or Co-development Partner · 1 January 202750:50 joint development partnership for Neptun Deep offshore gas project in Romania's Black Sea. €4 billion investment, described as EU's largest offshore gas development. Romgaz is Romania's state-owned natural gas company. First gas targeted for 2027.
• SaipemcoreImplementation/ SI/ Consulting Partner · 1 June 2026Engineering, procurement, construction, and installation contractor for Neptun Deep project. Scope includes jacket foundation structure, platform topside, subsea systems for Domino and Pelican fields, and 160km gas pipeline. Vessel Castoro 10 and others deployed for installation.
• ExxonMobilstrategicStrategic or Co-development Partner · 1 June 2026Co-commissioner of Wood Mackenzie study on EU carbon capture and storage targets. Alongside Shell, TotalEnergies, and OMV Petrom, investigating barriers to EU achieving 50 mtpa CCS target by 2030.
• TotalEnergiesstrategicStrategic or Co-development Partner · 1 June 2026Co-commissioner of Wood Mackenzie study on EU carbon capture and storage targets. Partnership with OMV Petrom, ExxonMobil, and Shell to analyze CCS infrastructure challenges and policy recommendations.
• Wood MackenzieminorOthers · 1 June 2026Energy research consultancy commissioned by ExxonMobil, OMV Petrom, Shell, and TotalEnergies to analyze EU carbon capture and storage targets and barriers to achieving Net Zero Industry Act goals.
• DRI (Danish Renewable Energy)coreStrategic or Co-development Partner · 1 May 2026Power purchase agreement for Romania's largest physical solar PPA. From January 2027, half of Vacaresti's 126 MWp solar farm output will be sold to OMV Petrom. DRI operates four renewable assets in Romania with expansion plans.
• Neuman & Esser (Germany)coreTechnology or Integration · 1 April 2026Electrolyzer supplier for 20 MW green hydrogen facility at Petrobrazi refinery. German manufacturer provides key technology for green hydrogen production supporting sustainable fuels manufacturing.
• Kraftanlagen RomaniacoreImplementation/ SI/ Consulting Partner · 1 April 2026Construction contractor for 20 MW green hydrogen facility at Petrobrazi refinery. Local construction partner executing facility development as part of €750 million sustainable fuels investment program.
• NewMed EnergyminorStrategic or Co-development Partner · 1 April 2026Partnership in Han Asparuh block exploration in Black Sea. Second exploratory drilling did not find natural gas despite €170 million investment. Drilling began February at planned depth of 3,500 meters.
• ShellstrategicStrategic or Co-development Partner · 1 March 2026Joint exploration partnership in Han Tervel block in Bulgaria's southern Black Sea. Ownership: Shell 42%, TPAO 33%, OMV Petrom 25%. Agreement pending Bulgarian government approval. Strategic for Bulgaria's energy independence.
• TPAO (Turkish Petroleum)strategicStrategic or Co-development Partner · 1 March 2026Turkish state petroleum company as consortium partner (33% stake) in Han Tervel block exploration project in Bulgaria's Black Sea together with Shell (42%) and OMV Petrom (25%).
• Naftogaz (Ukraine)potentialStrategic or Co-development Partner · 1 March 2026Early-stage discussions between Ukraine's state energy company and OMV Petrom about jointly developing significant offshore gas discovery in Black Sea. Described as 'one of the most promising gas fields in the Black Sea region'. Development would begin after Russia-Ukraine war ends.
• IKEN Construct ManagementminorImplementation/ SI/ Consulting Partner · 1 January 2026Construction management partner for various drilling, abandonment, and environmental remediation projects across Romania, including multiple well abandonment operations.
• Expert Petroleum SolutionsminorImplementation/ SI/ Consulting Partner · 1 January 2026Technical partner for well drilling and abandonment projects in Romania, including surface work, drilling, and equipment installation at various well sites.
• TEAM OILminorImplementation/ SI/ Consulting Partner · 1 January 2026Service partner for well operations including abandonment projects in Romania's oil and gas fields.
• Enery DevelopmentstrategicStrategic or Co-development Partner · 1 July 2025Joint venture for 400 MW solar project development in Bulgaria. OMV Petrom acquired 50% stake in Bulgarian solar development from Enery Element. JV represents entry into Bulgarian renewable energy market.

Scale indicators22 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Naftogaz: Naftogaz is Ukraine's state energy company in early-stage talks with OMV Petrom on Black Sea gas development. Comparable as a regional upstream player and emerging strategic partner.
• INA (MOL Group subsidiary): INA is Croatia's integrated oil and gas operator, majority-owned by MOL, with upstream, refining (Rijeka), and retail. Comparable as a CEE regional integrated peer with similar upstream-to-refining structure.

Direct peers

• PKN Orlen: PKN Orlen is Poland's integrated O&G major operating upstream, refining (Plock, Litvinov), petrochemicals, retail and increasingly renewables/power. Comparable multi-segment Central European integrated model.
• MOL Group: MOL is Hungary's largest integrated oil and gas company with upstream, refining (Duna, Bratislava), filling station networks and a growing renewables/SAF portfolio. Closest CEE analogue to OMV Petrom by integrated model and home-market dominance.
• Romgaz: Romgaz is Romania's state-owned natural gas producer and OMV Petrom's 50:50 JV partner in the Neptun Deep project. Directly comparable on Romanian gas production, storage, and upstream regulatory dynamics.

Broad incumbents

• TotalEnergies: TotalEnergies is a global integrated supermajor with deep integrated O&G plus aggressive renewables and SAF push. A strategic partner in CCS studies with OMV Petrom and benchmark for multi-energy transition capex.
• Eni: Eni is a European integrated O&G major with strong Mediterranean/African upstream, refining, Plenitude renewables retail and biofuels. Comparable integrated transition strategy and refueling-station footprint.
• Shell: Shell is a global integrated O&G major and Black Sea exploration partner (Han Tervel block, 42%). Comparable integrated portfolio and SAF/renewables investment trajectory.
• Repsol: Repsol is a Spanish integrated O&G major with upstream, refining, renewables, and low-carbon fuels initiatives. Relevant benchmark for an integrated player transitioning into SAF and hydrogen.
• OMV AG: OMV AG is OMV Petrom's Austrian parent and majority shareholder. Operates integrated O&G across Central Europe with refining, gas, and a chemicals business (Borealis); provides portfolio and capital allocation context.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights1 record

Customer concentration

• Facebookfacebook.com/petromro

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OMV Petrom