Petrom also plans to pay out dividends to its shareholders from a record profit of 3.946 billion lei (EUR901 million) reported in 2012, but is yet to set an exact value. A year earlier, Petrom paid total dividends of RON1.76 billion.
Both propositions are subject to shareholder approval, Petrom said in its financial report.
In 2012, Petrom’s investment reached RON4.93 billion (EUR1.1 billion), of which RON3.75 billion was aimed at exploration and production operations.
Petrom is 51.01% owned by Austrian oil and gas group OMV, while the Economy Ministry holds a 20.64% stake, Fondul Proprietatea (FP.RO) holds 20.11% and the European Bank for Reconstruction and Development holds 2.03%. (EUR1=RON4.3799)