Overall taxes and dividends for the first half amounted to RON5 billion, equal to 11.3% of the state’s revenues over the mentioned interval, OMV Petrom said in a statement.

The additional taxes have put pressure on the company’s investment and have almost offset the benefits from gas price deregulation.

Petrom reported a net profit after minorities of RON1.38 billion in the first half, down 42% year-on-year.

Group sales declined 7% to RON10.72 billion, from RON11.57 billion in the first six months of 2013. (EUR1=RON4.4415)