The sales revenue will be slightly higher than in 2023, amid an increase in the sales volumes of electricity and oil products, the company said in its spending and revenue budget, which shareholders are called to vote on April 24, 2024.
Petrom also budgeted RON8 billion investments.
Operating income expected stands at RON6 billion, 19% lower than in 2023, because of an increase in spending and a decline in margins, partly offset by the greater availability of the refinery and of the power plant in Brazi after the shutdowns in 2023.
The budget was built on the following assumptions: an average Brent oil price of $80 per barrel and an about $11 refining margin.
(English version by Loredana Fratila-Cristescu)