Petrom’s gas sales volumes reached 16.38 TWh in the first quarter in 2013, the report noted.
Groupwide, OMV’s sold and traded gas volumes fell 2.9% to 131.82 TWh in the first quarter of 2014, from 135.78 TWh in the year-earlier period, due to weak demand. Trading activities accounted for 71% of gas business.
OMV group’s hydrocarbon production rose to 311,000 barrels oil equivalent (boe) a day in the first three months of the year, from 302,000 boe a day in the last quarter of 2013 and 277,000 boe a day in the first three months of 2013. The increase was fueled by the operations in Norway, New Zealand, Libya and Pakistan.
Petrom’s hydrocarbon production reached 182,000 boe a day in the first quarter, close to the level registered in the same period in 2013.
OMV’s indicative margin for refining operations rose to $1.63 per barrel, compared to $1.16 per barrel in the last quarter of 2013, but lower than $3.01 per barrel in the first three months of 2013.
OMV Petrom is 51.01%-owned by Austrian group OMV. The Economy Ministry holds a 20.63% stake in the company, while investment fund Fondul Proprietatea (FP.RO) owns around 19%.