Report January – December and Q4 2013
- Strong operating cash flow at EUR 4.1 bn, higher by 8% in 2013
- Romanian production in 2013 increased year-on-year for the first time since Petrom’s privatization in 2004
- Clean CCS EBIT at EUR 444 mn in Q4/13
- Acquisition of assets from Statoil closed on October 31, contributing 18 kboe/d to production in Q4/13
- Gearing ratio at 30% in line with the long-term target, despite high investment level
- Long-term gas supply contract with Statoil renegotiated; interim agreement reached with Gazprom
- Downstream restructuring on track: Sale of OMV’s 45% stake in the Bayernoil refinery network signed
- The Executive Board proposes an increased dividend of EUR 1.25 per share for 2013