OMV Petrom SA Reports Sales Results for the Fourth Quarter and Year Ended December 2014; Reports Production Results for the Fourth Quarter Ended December 2014
For the quarter, the company reported gas sales and trading volume rose by 65%. Net special charges of approximately EUR 700 million were recorded in the operational result of the OMV group for the quarter, mainly due to impairments at its Petrol Ofisi and in the power business of OMV Petrom.
For the year, the company reported gas sales and trading volume rose by 5.5%, to 14.31 terawatt-hours (TWh). The performance of the OMV group's power business was burdened by adverse market conditions in Romania.