Should the growth pace be maintained by yearend, Petrom could rake in RON10 billion profit and RON50 billion turnover, an all-time high result.
But high prices for energy, and not necessarily just for fuel, are starting to destroy demand, says Christina Verchere, Petrom CEO.
Romania’s natural gas consumption dropped by 13% in 1H/2022 especially because of high energy prices, of the geopolitical context and market imbalances, she points out. The high base effect must also be taken into account as in the first months of 2021 consumption was very high because of the cold weather, she adds.
(English version by Catalina Apostoiu)