“The financial results were significantly influenced by the volatility of international quotations for crude oil and finished products. Quotations reached, in the first nine months of the year, decreases of 16% for gasoline and 23% for diesel. Also, at the European level, refining margins decreased by $14.6/MT (-11%) in Q3, 2023 compared to Q3, 2022, respectively by $20/MT (-15.8%) in January – September 2023, compared with the same period last year,” Rompetrol Rafinare says in its report.
The gross turnover shrank 17% from $4.87 billion to $4.05 billion in the first nine months of 2023, and the operational profit (EBITDA) stood at $214 million (down 35%).
(English version by Loredana Fratila-Cristescu)