Interview - Romania's OMV Petrom Looks to Diversification, Consolidation and Investment to Back Growth
SeeNews - The Corporate Wire 2010, July 26
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Publisher Description
BUCHAREST (Romania), July 26 (SeeNews) - Romania's largest oil and gas group Petrom, majority-owned by Austria's OMV, will rely on portfolio diversification, consolidation of its various operations and a consistent investment programme to sustain growth amid challenging market conditions, the group's CEO, Mariana Gheorghe, told SeeNews in an interview. OMV Petrom has recently announced its five-year strategy under which it will need to absorb more than 1.0 billion euro ($1.3 billion) in annual investment through 2015 to support its development.
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