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OMV Petrom expects 32 pct higher net profit this year

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OMV Petrom's net profit estimate for this year stands at 1.824 billion lei, by 32 percent higher than the 1.382 billion lei registered the year before, the documents posted on the company's website state, according to AGERPRES.

The oil and gas group has budgeted investments of 3.319 million lei in 2021, up by 3.5 percent from last year's figure, which stood at 3.206 million lei.

Sales revenues are expected to grow by 3 percent to 15.875 billion lei from 15.437 billion lei in 2020.

The hydrocarbon production is planned at 45.8 million boe, gas sales are 41.9 TWh and the…

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