It said total hydrocarbon sales volume was down 6.8% to 133,300 boe/day in the fourth quarter, of which sales of crude oil and condensate dropped 6.4% to 70,400 boe/day, and sales of natural gas fell 7.4% to 62,900 boe/day, per ZF calculations.
The average realized crude price was $37.22 per barrel in the fourth quarter of 2020, one dollar higher than in the third quarter of 2020 and lower by $17.2 (-31.6%) than in the fourth quarter of 2019.
On the Downstream Oil segment, the total refined product sales stood at 1.27 million tons in the fourth quarter of 2020, lower by 9.9% than in the year-earlier period.
On the Downstream Gas segment, gas sales volumes to third parties reached 10.62 TWh, lower by 37.9% than in the fourth quarter of 2019. The net electricity production amounted to 1.18 TWh, lower by 6.3%, per ZF calculations.
OMV Petrom group will publish its fourth-quarter financial results on February 4, 2020.
OMV Petrom is 51% owned by Austria’s OMV and 20.6% held by the Romanian State, through the Ministry of Economy, Energy and Business Environment.