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Mining companies pit their wits against market challenges

Romania’s ongoing exploration and production projects have endured their share of turmoil during the past few years. With proven reserves declining, the Romanian state doesn’t seem to have solutions for the multi-million euro projects in the field

June 2012 - From the Print Edition

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One thing that is clear is that the government wants to change the royalties’ scheme. Market players shared their views.
„It is well known that in Romania around one quarter of the natural gas demand comes from imports, but what is less well known is that for oil, the import dependency is far higher: around 60 percent of Romania’s oil demand comes from imports. Furthermore, oil production has been in continuous decline for some years: Romania has been exploiting hydrocarbons for more than 1...

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