Energy markets weekly: Brent,...

During the fourth week of August, Brent oil futures for the Front Month...

Europe: Electricity prices show...

During the fourth week of August, electricity prices in major European markets showed...

European electricity demand trends:...

During the last week of August, electricity demand rose in most major European...

European solar and wind...

During the week of August 25, solar photovoltaic (PV) energy production declined across...
Supported byClarion Energy
HomeSEE Energy NewsRomania, Christina Verchere...

Romania, Christina Verchere received another 4 year mandate at the helm of the OMV Petrom

Incumbent CEO of Romanian oil and gas company OMV Petrom Christina Verchere received another 4-year mandate at the helm of the company, valid until 16 April 2027. She replaced Mariana Gheorghe as the company’s CEO in 2018.

OMV Petrom’s Supervisory Board also extended the mandate of the company’s Chief Financial Officer Alina Popa.

It also announced that it appointed Cristian Hubati as the member of the Board of Directors responsible for exploration and production. He replaced Hans Christopher Veit following the end of his mandate.

OMV Petrom recorded a net profit in the amount of 2.1 billion euros in 2022, compared to a profit of 580 million euros in the previous year.

Consolidated sales revenues amounted to 12.4 billion euros in 2022, an increase of 136 % compared to 2021, mainly supported by higher commodity prices and higher sales volumes of petroleum products and electricity, partly offset by lower gas sales volumes. In the fourth quarter alone, net profit amounted to 230 million euros, which is 4 % less compared to the same quarter in 2021.

Sign up for updates & special reports

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Energy markets weekly: Brent, TTF gas and CO2 prices show moderate fluctuations in late August

During the fourth week of August, Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $68.80/bbl on Monday, August 25. Prices then fell 2.3% on Tuesday, August 26, hitting a...

Europe: Electricity prices show mixed trends in late August, forecasts point to September declines

During the fourth week of August, electricity prices in major European markets showed mixed trends compared to the previous week. The Nord Pool market in the Nordic countries recorded the largest weekly average increase at 58%. Italy’s IPEX market...

European electricity demand trends: August growth in most markets, UK declines

During the last week of August, electricity demand rose in most major European markets compared to the previous week. Italy saw the largest increase at 6.3%, followed by France at 3.2% and Germany at 2.1%. Spain recorded the smallest...
Supported byVirtu Energy
error: Content is protected !!