The hydrocarbon production of Romania's top oil and gas group, OMV Petrom
[BSE:SNP], fell 1.1% on the year to 181,000 barrels of oil equivalent per day
(boe/d) in the fourth quarter of 2013, its majority owner, Austria’s OMV, said
on Thursday.
On a quarterly basis, Petrom's output inched down 0.5% in
the fourth quarter of 2013, OMV said in its quarterly trading
statement.
OMV also said that Petrom's gas sales volume fell to 13.56
terawatt-hours (TWh) in the fourth quarter from 14.44 TWh a year earlier. In the
third quarter of 2013, Petrom's gas sales volume totalled 11.24
TWh.
Petrom’s gas sales volumes decreased by 6.0% on the year due to weak
demand from the industrial sector and above average temperatures. Its gas
margins were below last year’s level, the statement added.
Blue chip OMV
Petrom was trading up 0.06% at 0.4685 lei ($0.1414/0.1036 euro) by 1047 CET on
the Bucharest bourse on Thursday.