It ended 2020 with a net profit of RON85.8 million, compared with RON225.9 million in 2019, and its staff numbers grew slightly to 1,425, the same data show.
“Sales of digital and software solutions were significant in Ru¬ssia, Scandinavia, Ro¬ma¬nia, Ukraine and Turkey”, per the report for the fourth quarter of 2020 released by US Cameron Group.
The Romanian oil industry was significantly affected by the sanitary crisis in 2020, which was a very harsh year for oil companies. The sanitary crisis led to a reduction in crude oil consumption globally, with oil prices plunging almost 40% in 2020.
Cameron is the largest supplier of oil industry equipment in Romania and has two production facilities in the country, one of which an $80 million greenfield investment in Ploiesti completed in 2009. Cameron arrived in Romania in 2004, when it bought the Sterom Campina plant.
Cameron and its Romanian operations as well became part of the US-held Schlumberger in a $14.8 billion international deal concluded in the summer of 2015.