The Offshore Law that allows the exploitation of Black Sea gas has been adopted in the Romanian Parliament with 248 votes in favor.

“I want to thank all my parliamentary colleagues because they understood how important it is to have Romanian gas in the homes of Romanians, to become an independent energy state and a player in the region!

We have adopted a set of measures on the stability of the fiscal regime, as well as the elimination of additional income taxation for sales prices at which investors do not make overprofits (between 45.71 lei / MWh and 85 lei / MWh), while maintaining the grid of taxation following the practice of prices higher than 85 lei / MWh.

It was also adopted to increase from 30% to 40% the maximum level for the deduction of investments in the upstream segment for determining the additional tax, the elimination of the investment deduction limitation for the calculation of the profit tax, the regulation of the tax regime for onshore perimeters deeper than 3000 m and the elimination of the use of the reference price in determining the basis for calculating the additional income tax,” said Virgil Popescu, the Minister of Energy.