It said total hydrocarbon sales volume in the first quarter stood at 131,000 boe/day, 7.35% lower on the year. The company’s crude oil sales dropped 5.81% on the year in the first quarter, to 69,600 boe/day, while natural gas sales dropped 9%, to 61,500 boe/day.
OMV Petrom said the average crude oil price in the first quarter was $50.92/bbl, $13.7 more compared with the fourth quarter of 2020 and $10.32 more (or 25.4%) compared with the first quarter of 2020.
The company said its total refined product sales dropped 4.16% on the year in the first quarter, to 1.15 million tons.
Its net electricity output stood grew to 1.18 Twh in the first quarter from 1.12 Twh in the same period in 2020, while natural gas sales to third parties dropped 30.6% on the year, to 11.65 TWh.
OMV Petrom, which is 51% owned by Austria’s OMV, reported sales revenues of RON19.7 billion in 2020, down 23% on the year. The company had a net profit of RON1.29 billion, down 64% on the year.
Romania owns 20.6% in OMV Petrom.
The company will publish its first quarter earnings report on April 29, 2021.