According to the results posted by its majority shareholder, Austrian group OMV, Petrom gas sales volumes fell to 13.56 TWh in the last quarter of 2013, from 14.44 TWh in the same period a year earlier. Petrom’s gas margins were also below last year’s level.
The company’s total hydrocarbon production fell slightly in the same period, from 183,000 to 181,000 barrels of oil equivalent per day.OMV production rose 8.6% to 301,000 barrels of oil equivalent per day.
The average Urals price was $108.9/barrel in the fourth quarter, compared with $109.32/barrel in the same period a year earlier, while the average Brent price fell from $110.08 to $109.24/barrel.
In the last three months of 2013, OMV indicator refining margin was $1.16/barrel, compared with $4.03 a year earlier.
“The performance of the power business, however, was still impacted by the difficult power market situation in Romania and Turkey,” the release reads.
The group’s power business reported a total net electrical output of 2.11 TWh in the fourth quarter, compared with 0.78 TWh in the same period of 2012, mainly driven by the contribution of a power plant in Turkey, the company said.