Sales down in Romania for OMV Petrom in third quarter

OMV Petrom’s natural gas and electricity sales went down by 22.7% y-o-y in the third quarter of the year, to some 8.68 TWh. Meanwhile, hydrocarbons production also went slightly down, 2.2%, to some 178,000 barrels equivalent petrol a day.

The Romanian results negatively impacted the gas sales on a group level, but they were counterbalanced by contract renegotiation with Gazprom and Statoil.

In Romania, OMV Petrom finalized a EUR 600 million modernization program for its Petrobrazi refinery between 2010 and 2014.

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