OMV Petrom
Cristian Hubati is an accomplished executive with extensive experience in the oil and gas industry. Currently serving as an Executive Board Member at OMV Petrom since January 2021, Cristian oversees Exploration and Production activities. Previous roles include Vice President positions at OMV in both Value Center Operations and Domestic Assets, and Senior Advisor to the Executive Board Member Upstream. Cristian's career at OMV Petrom spans multiple leadership positions, including Development Business Unit Director and Logistics Director, among others. In addition to board memberships at PetroMed and Federația Patronală Petrol și Gaze, Cristian held the role of CEO at Rominserv SA, Rompetrol. Educational qualifications include an MBA from The Open University Business School and various executive education programs, complemented by a BA in Electrical and Power Engineering from the University POLITEHNICA of Bucharest.
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OMV Petrom
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OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual Group hydrocarbon production of approximately 41 million boe in 2023. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency gas-fired power plant. The Group is present on the oil products retail market in Romania and neighbouring countries through approximately 780 filling stations under two brands – OMV and Petrom. OMV Petrom is a company in which, as of end-2023, Romanian shareholders hold over 43% of the shares (of which the Romanian state, through the Ministry of Energy, holds 20.7%, and 22.5% are owned by pension funds in Romania, to which are added almost 500,000 individual investors and other Romanian entities). OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51.2% stake in OMV Petrom, and the remaining 5.6% are held by other foreign investors. Of the total shares of OMV Petrom, 28.1% represents the free float on the Bucharest Stock Exchange. OMV Petrom is one of the largest contributors to the state budget, with approximately 42 billion euro in taxes and dividends paid between 2005 and 2023. During the same period, the company invested approximately 18 billion euro. Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2023, the company has allocated around 160 million euro to develop communities in Romania, focusing on environmental protection, education, health, and local development. On July 29th, 2020, OMV Petrom announced its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) regarding risks and opportunities on climate change. OMV Petrom annually reports on the progress made in implementing these recommendations.