Romgaz recorded in the first half of this year a total production of hydrocarbons of 16.12 million barrels of oil equivalent (boe), 4.6% higher than in the same period last year, according to a report submitted on Friday, by Bucharest Stock Exchange.

The amount of gas extracted, gross series, was 15.99 million boe (+4.3%), and condensate production was 136,000 boe (plus 50.5%).

Natural gas from production capitalized totaled almost 2.245 billion cubic meters, down 4.5% compared to the first semester of 2023.

Electricity production amounted to 450.8 GWh (minus 9.4%).

Romgaz’s main business segments are geological exploration in order to discover new gas deposits, methane gas production by exploiting the deposits in the company’s portfolio, supply and distribution of natural gas, special operations and well services, production and supply of electricity.

The majority shareholder of the company is the Romanian state, with a 70.0071% stake in the share capital.

Starting from November 12, 2013, the shares issued by SNGN Romgaz are traded on the regulated market administered by the Bucharest Stock Exchange. At the same time, the company’s shares are the basis for global depository receipts (GDRs) issued by the Bank of New York Mellon, GDRs that are traded on the London Stock Exchange.

AGERPRES