“First of all, we are speaking of our contribution to the supply of energy. We have covered between 35% and 40% of the energy consumption, whether we are speaking of oil or gas. Then there is our contribution to the state budget. On a yearly basis, we have provided between 10% and 11% of the country’s budget revenue. There is also our contribution to economic development. Over the past seven years, we have reinvested almost our entire operating profit,” Gheorghe told a news conference.
Between 2005 and 2011, Petrom paid contributions to the state budget worth 45 billion lei (over EUR10 billion).
In the same timeframe, the company unfolded investment worth RON30 billion, with an average annual investment of EUR1 billion.
OMV Petrom is 51%-owned by Austria’s OMV (OMV.VI). The oil company reported a net profit of 3.76 billion lei ($1.14 billion) in 2011, up 72% on the year.