Speaking at a conference in Vienna, Roiss said the Black Sea resources translate into gas for Europe.
He added that OMV’s growth in the future will come from the exploration sector in which the group invests EUR700 million annually. Also, OMV plans to increase its overall annual investments to EUR3.9 billion from EUR2.8 billion, between 2014 and 2016.
Roiss also said that OMV has invested EUR600 million in its Petrobrazi refinery (southern Romania) and is close to finishing upgrade works.
According to OMV representatives, the hydrocarbon production in Romania is likely to increase in 2013, for the first time in many years.
OMV Petrom is 51.01%-owned by OMV. The Economy Ministry holds a 20.63% stake in the company, while investment fund Fondul Proprietatea (FP.RO) owns around 19%.