OMV Petrom SA shareholders on Tuesday authorized RON 9 billion ($2.07 billion) in funding for 2026, up 23 p.c from 2025.
About 60 p.c of the funds is for Neptun Deep within the Black Sea, estimated to price as much as EUR 4 billion ($4.68 billion). The most important pure gasoline mission and the primary deep offshore improvement in Romania, Neptun Deep is anticipated to provide the equal of roughly 30 instances the present annual demand of about 4.3 million households in Romania, based on OMV Petrom. Neptun Deep is estimated to carry round 100 billion cubic meters (3.53 trillion cubic ft) of recoverable gasoline.
OMV Petrom, which owns a 50 p.c working stake in Neptun Deep, and SNGN Romgaz SA, which holds the opposite half, anticipate to start out manufacturing on the mission 2027.
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OMV Petrom’s shareholder assembly additionally authorized a dividend per share of RON 0.0578, consisting of RON 0.0466 base and RON 0.0112 particular. “The entire dividends for 2025 quantity to three.6 billion lei, representing 40 p.c of the working money stream of OMV Petrom Group for 2025”, OMV Petrom mentioned.
Its present coverage entails an annual base dividend improve of 5-10 p.c and a payout ratio of 40-70 p.c of working money stream.
“In a context marked by geopolitical tensions and volatility in vitality markets, OMV Petrom stays a dependable accomplice for Romania”, mentioned chief government Christina Verchere. “We provide one-third of the nation’s gasoline and pure gasoline wants, contribute round 10 p.c of its energy era, and, in 2025, we paid over 16 billion lei to the state by means of taxes and dividends.
“In 2026, we’re investing 9 billion lei to advance our main initiatives: Neptun Deep is progressing towards first gasoline in 2027, the sustainable fuels mission at Petrobrazi is shifting ahead, and our renewable vitality initiatives are coming into the implementation section”.
OMV Petrom has scheduled the discharge of its first quarter (Q1) outcomes for Thursday.
Provisional knowledge it revealed April 9 confirmed a mean manufacturing of 104,200 barrels of oil equal a day (boed), in comparison with precise productions of 103,500 boed within the prior three-month interval and 107,500 in Q1 2025.
Q1 2026 output consisted of 45,800 boed of crude oil and pure gasoline liquids – down quarter-on-quarter and year-on-year – and 58,400 boed of gasoline – up quarter-on-quarter and year-on-year.
Q1 2026 gross sales volumes elevated sequentially however fell by prior-year comparability to 99,600 boed. Liquids gross sales declined quarter-on-quarter and year-on-year whereas gasoline gross sales rose quarter-on-quarter and year-on-year.
Downstream, gross sales of refined merchandise dropped quarter-on-quarter however elevated year-on-year to 1.2 million metric tons. Refinery utilization weakened quarter-on-quarter however was steady year-on-year at 98 p.c. Refining margins fell quarter-on-quarter however practically doubled year-on-year.
OMV Petrom is an built-in vitality firm with investments from Austria’s state-backed OMV AG and the Romanian authorities.
To contact the writer, e mail jov.onsat@rigzone.com
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