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Romania as Future Member of the European Union

Romania as Future Member of the European Union. Vienna, October 15, 2004. Economic Perspectives – Chances for Investors. Wolfgang Ruttenstorfer Chief Executive Officer of OMV Aktiengesellschaft. in mn t. OMV supply before acqu. 2003/04 Additional volume Bayernoil/Petrom. POLAND.

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Romania as Future Member of the European Union

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  1. Romania as Future Member of theEuropean Union Vienna, October 15, 2004

  2. Economic Perspectives – Chances for Investors Wolfgang Ruttenstorfer Chief Executive Officer of OMV Aktiengesellschaft

  3. in mn t OMV supply before acqu. 2003/04 Additional volume Bayernoil/Petrom POLAND Ref. sales vol. BGH / BO GERMANY 3 +4,5mn t1 UKRAINE Ref. sales vol. Schwechat 3 1,5 ROMANIA 1,5 0 OK DK Ref. sales vol. Cluster II 3 +5,5mn t1 HUNGARY AUSTRIA 0 OK DK SWITZERLAND 1,5 0 OK DK BULGARIA ITALY SERBIA BLACK SEA Alliance OMV – Petrom The leading downstream player in CEE MEDITERRANEAN SEA ADRIATIC SEA GREECE

  4. Strategic opportunity in E&P Rest of Europe Reserves: 36 mm boe Production: 16,000 boe/d Austria Reserves: 152 mn boe Production: 40,000 boe/d Petrom Reserves: 1,036 mn boe Production: 220,000 boe/d Africa Reserves: 104 mn boe Production: 32,000 boe/d Southeast Asia Reserves: 16 mn boe Production: 12,000 boe/d Middle East Reserves: 60 mn boe Production: 9,000 boe/d South America Reserves: 41 mn boe Production: 11,000 boe/d OMV proved reserves as of December 31, 2003Petrom estimated reserves correspond to cumulative production from 2005 to 2034Petrom production is shown for 2004

  5. Gas: The coming energy source for Europe CZ SK (South) Germany WAG H Nabucco 2010 TAG RO SLO HR (North) Italy YU BG Iran North Africa Potential integration projects with E&P Existing downstream target markets New downstream target markets Expansion of transit capacity of TAG and WAG Promote Nabucco project

  6. 2008 • Doubling of market share to 20% in CEE/Danube area • Increasing refining capacity only to meet this target • Increasing the target production of oil and gas (from 160,000 to 350,000 boe/d) • Achieving an integration ratio betweenE&P : R&M better than 0.5 : 1 ROACE 13% • Expanding of gas marketing and trading volumes to 10 bcm and strenghtening the hub Baumgarten • Securing #2 global market position in Melamine OMV and Petrom • OMV continues to perform well on its strategic track • Petrom alliance major step to reach/exceed the 2008 strategy goals • OMV proves to be the leading consolidator of the CEE/Danube region

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