Petrobrazi, boasting an annual refining capacity of 4.5 million tons/year of crude oil, stands as one of Romania’s foremost refineries. It serves as a pivotal hub where crude oil undergoes processing, resulting in a diverse array of high-value petroleum products, ranging from gasoline and diesel to LPG and aviation fuel. Presently, Petrobrazi operates at exemplary environmental and performance standards, capable of refining the entire equity crude oil production of OMV Petrom. In a strategic move towards sustainability, the Romanian oil company plans to construct 55MW of green hydrogen projects at its Petrobrazi refinery, located 60km north of Bucharest. This initiative involves the installation of two electrolysers, one with a capacity of 35MW and the other with 20MW. The renewable hydrogen generated will be utilized in the production of bio-based sustainable aviation fuel (SAF) and biodiesel, marking a significant step towards reducing carbon emissions in the aviation sector.

North Safa is an active conventional oil field situated in shallow waters off the coast of Egypt. Specifically located in the Northeast Ramadan Concession block, the field operates at a water depth of 217 feet. Anticipated to reach peak production by 2026, North Safa’s oil extraction will persist until it reaches its economic limit in 2041, as per economic projections.

Located onshore Libya, the Abu Attifel and NC 125 fields are active in conventional oil production. Their peak production occurred in 1994, having already recovered 92.14% of their total recoverable reserves. Economic projections indicate that oil extraction will continue until these fields reach their economic limit by 2046. Presently, these fields contribute approximately 5% to Libya’s daily oil output.