The proposal will be discussed at a shareholder meeting on January 30, the state-run company said in a call to its stockholders.

Romgaz recently revised down its forecast on the 2013 revenues to 4.34 billion lei (EUR971 million), from RON4.92 billion initially estimated. The net profit is expected at RON1.02 billion, also down from RON1.4 billion predicted earlier this year.

Romgaz is majority owned by the state, through the Energy Department. In October, the company raised RON1.7 billion in an initial public offering of shares and global depository receipts traded in Bucharest and London, respectively.

At around 12:20 pm Tuesday, Romgaz traded down 1.18% at RON33.6 a share in Bucharest, amid a slightly declining market.