Romania: OMV Petrom posts the highest quarterly refining margin over the past two years

OMV Petrom, the largest oil and gas producer in Southeastern Europe, increased its refining margin in the third quarter to USD 8.75 per barrel, up 46.8 percent from the refining margin of USD 5.96 per barrel in the same period last year, according to an investor information sent through Bucharest Stock Exchange (BVB).

Compared with the second quarter of this year, OMV Petrom increased its refining margin by USD 0.24 per barrel, the last time the company recorded a higher margin in the third quarter of 2015 when it reported USD 9.87 per barrel.

OMV Petrom increased its electricity production compared to the first quarter by 0.75 TWh in the third quarter as a result of the commissioning of half of Brazi’s production capacity.

Therefore, the Brazi power plant generated a net electricity production of 0.16 TWh in the second quarter, 71 percent lower than in the same period of the previous year, of 0.48 Twh.


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