In 2011, Petrom posted a record profit of RON3.685 billion.
Petrom forecasts its sales will slide 4.6% to RON15.79 billion in 2012, according to the company’s revenue and expenditure budget.
Natural gas output is expected to reach 5.05 billion cubic meters, down 3% from 5.21 billion cubic meters a year earlier.
Oil production is estimated at 29.3 million barrels, little changed on the year.
Petrom has scheduled investments of RON5.22 billion in 2012, up 8.6% from RON4.8 billion in 2011.
OMV Petrom is 51%-owned by Austria’s OMV (OMV.VI), while Romanian Economy Ministry holds a 20.64% stake.
Monday, Petrom’s shares closed up 3.42% at RON0.393 a share in Bucharest. (EUR1=RON4.3691)