Interview - Romania's OMV Petrom Looks to Diversification, Consolidation and Investment to Back Growth

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.