Southeastern Europe (SEE) is a net importer of crude oil and natural gas. The region’s own oil and gas
output covers just a quarter of local demand.
The largest petroleum company in the region is Romania’s Petrom, which also is number one in SEE TOP 100. The oil and natural gas sector is expected to continue to dominate the 2009 ranking of the largest companies by revenue in Southeastern Europe.
The SEE fuel retail sector attracted several European majors in recent years that defy the traditionally
strong presence of LUKoil OAO in the region. Austria’s OMV AG, Royal Dutch Shell plc and Greece’s Hellenic
Petroleum SA have developed their own networks of filling stations in several SEE countries.