♦ The integrated business model again protects the results of OMV Petrom ♦ For this year, the investment budget is record, 8 billion lei, but it will be made in a predictable regulatory environment ♦ Special dividends are decided in the middle of the year, seen by The largest local company as «difficult and volatile».
OMV Petrom, the only local oil and gas producer in Romania, finished last year with a business of 35.7 billion lei, an 8% minus compared to the previous year, an evolution determined by the lower prices in the market, but also by smaller volumes related to sales of natural gas. The net profit of the company amounted to about 4.2 billion lei, an increase of 4% compared to 2023. However, the company is very cautious for 2025, taking into account the volatility in full swinging, but also locally. «We expect the year 2025 to be difficult and volatile, but a balance must be achieved because Romania has major energy projects,» said Christina Vechere, CEO, OMV Petrom, within the conference for presenting the results for 2024. OMV Petrom Along with Romgaz are involved, with equal owners, in the Neptun Deep project in the Black Sea, investments are estimated at 4 billion euros. Over 90% of the contracts for this investment were signed, the first gas is expected to reach shore in 2027, and for the moment the estimates indicate the presence of 100 billion cubic meters of very good quality. Already, OMV Petrom also signed the first contract for the sale of gas from the Neptun Deep perimeter with the Germans from Uniper, which confirmed by the company yesterday. For this year, the company's investment budget is planned to exceed 8 billion lei, but there is a condition. «Assuming a predictable and competitive regulatory and fiscal environment, the value of organic investments is estimated that it will be about 8 billion lei.» Also, granting special dividends will be decided in the middle of the year and depends on how things will evolve on the plane internal. «Special dividends can be distributed in a predictable environment and we will have a decision about them in the middle of the year, but it is if here. We want to have a clearer understanding of legislative changes, «said Alipa Popa, CFO, OMV Petrom. «We want to see what the environment in the market is and how our investment portfolio progresses. What happens at the international level will be seen in the price of oil, for example. It is a very long volatility period. »
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