Thus, shareholders could cash a gross dividend of RON0.0308 a share, compared with RON0.028/share from the 2012 profit.

The proposal is subject to shareholder approval at a meeting due April 28, 2014.

Petrom registered record profit of RON4.82 billion in 2013, up 22% on the year, but sales fell 8% to RON24.18 billion, mainly due to smaller sales of crude oil and oil products.

OMV Petrom is 51%-owned by Austria’s OMV AG.