Total processed oil quantity in Q3 was 16 percent lower from the same period in 2008, to 1.348 million tons, of which 18 percent imported oil. The relatively low rate of refineries use was a consequence of the unfavorable economic conditions.
Sales of oil and chemical products and special products declined by 33 percent compared to the level in Q3 of 2008 because Arpechim pyrolysis installation is further stopped.
Sales of “white” products on the domestic market rose by 1 percent compared to the level in Q3 2008. As such, domestic sales of gasoline rose 7 percent, Diesel oil dropped 1 percent and kerosene have seen a steep decline of 14 percent. Retail sales advanced 14 percent, to 609 million liters (equivalent of 493,000 tons), despite a stagnant demand on the domestic market.
Sustained investments into the distribution chain, between 2006 and 2008, resulted in the optimization of the gas stations chain, leading to very good results despite the unfavorable economic context.
Total of commercial sales and exports (807,000 tons) was lower by 14 percent due to a reduced demand on the domestic and international markets. Retail sales on the domestic market of 501,000 tons represent a 9 percent decline from Q3 2008.
Export delivered quantities were 20 percent less from the period July-Sept. 2008 due to a 11 percent decline in exported gasoline, 25 percent reduction in Diesel oil and a 48 percent decline in exported crude oil. The exports reduction was partially determined by supplementary quantities delivered to the domestic market.
At the end of Sept., Petrom had 458 distribution stations, whereas Petrom Group had a total of 828 stations, of which 562 in Romania and other 266 abroad: 112 in the Republic of Moldova, 95 in Bulgaria and 59 in Serbia. Investments in this activity sector were 74 percent less compared to Q3/2008.
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