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Petrom in Good Position Amid Market Turmoil, Turnheim Says

OMV Petrom SA (SNP), the Romanian unit of Austria’s OMV AG (OMV), is in a “good position” to weather current market turmoil because it has low debt, said Chief Financial Officer Daniel Turnheim said today in Bucharest.

He also warned that volatility in markets will be enormous in the next period, without elaborating. Next year will be unfavorable for the company’s Brazi power plant because of hither gas prices and a lack of CO2 allocation, he said.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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