OMV Petrom estimates a net profit decline by 21% in 2020

OMV Petrom estimates for this year a profit of 2.81 billion lei, down 21% on the previous year. The budget was built at a price of USD 60 for a barrel, but the price has now halved, according to e-nergia.ro. Investments will increase by 1.6 billion lei. “From OMV Petrom’s point of view, the surplus of production together with the increased uncertainty in the world economic environment, generated by the spread of coronavirus, will generate a ...

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