According to the company’s representatives, the results reflect the unprecedented market environment, with high commodities prices brought about by the geopolitical context. The gas segment had a solid contribution mainly owing to commercial activities in the region. These envisaged deals with gas volumes acquired and sold outside Romania.
“What we did was to acquire gas from abroad in the first two quarters are quite low prices which we managed to sell at high prices starting the third quarter. Hence, we generated significant profit from these deals outside Romania,” said Alina Popa, chief financial officer at OMV Petrom.
According to her, almost half of the gas and energy unit results came from these deals.
Petrom generated revenues worth RON44.3 billion in January-September 2022, compared with RON17 billion in the same period of 2021, while its net profit climbed to RON9.2 billion from RON1.7 billion.
(English version by Catalina Apostoiu)