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.

OMV Petrom completes EUR 600 mln refinery modernization in Romania

How much do Exxon and OMV Petrom pay for their Black Sea deepwater drilling