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Tag Archives: ANRM

Chamber of Deputies approves the Offshore Law on Black Sea gas exploitation

The Chamber of Deputies has voted on Wednesday, as the decision-making body, the Offshore Law on the conditions in which the Black Sea gas exploitation will take place. Investors will have to trade 50% of the gas on the Romanian ...

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Gov’t official warns the amending of the offshore law means treason, charges ANRM on gas price issue. Draft bill on insolvency pending

The offshore law will bring USD 6 billion more to the state budget, and anyone attempting to amend the current form of the bill should be tried for treason, Darius Vâlcov, prime minister’s economic adviser, said on Saturday. “No matter ...

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FM Melescanu: The US Energy Secretary Rick Perry urged Ambassador George Maior for concordance between the offshore bill and an annex to it

Foreign Minister, Teodor Melescanu, has said on Saturday that the US Energy Secretary, Rick Perry, asked the Romanian ambassador in Washington DC, George Maior, that the Romanian authorities assure the concordance between the offshore bill and the annex which includes ...

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Tax amnesty is included in the governing programme, it is to be completed without discussions, Premier’s state counsellor Valcov says. Gas price expected to fall

Prime Minister’s State Counsellor, Darius Valcov, announced Monday evening that the tax amnesty is included in the governing programme, it includes the cancelling of some companies’ debts, adding that such things are ‘to be completed and not discussed.’ “Tax amnesty ...

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ALDE calls for amending the ‘Offshore law’ in emergency procedure

ALDE spokesman, Deputy Varujan Vosganian, claims that what ALDE wanted to be included in the ‘Offshore law’ hasn’t been included and that “an emergency intervention is needed on the bill.” Vorganian said Monday evening that there was no dialogue within ...

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Gas royalties will no longer be related to Austrian prices, ANRM says

The National Agency for Mineral Resources (ANRM) is preparing to change the system: it will abandon the reference price on the Vienna Stock Exchange for the royalties’ formula and will also take into account the differences between the various deposits. ...

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‘Offshore law’ adopted, 50pc of the production traded on the Romanian market, progressive taxation sealed. Oil companies – reluctant

The Chamber of Deputies adopted on Monday, as the decision-making body, the draft bill establishing measures for the exploitation of Black Sea energy resources, with 175 votes in favour, 30 against and 30 abstentions. The bill sets out measures necessary ...

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ExxonMobil and OMV Petrom will extract 6 billion cubic meters of gas per year from the Black Sea, ANRM official says

ExxonMobil and OMV Petrom will extract 6 billion cubic meters of gas from the Neptun block in the Black Sea as of 2020-2021 and Romania will produce a total of 18-20 billion cubic meters of gas if all the projects ...

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The state has lost RON 7bn, as the reference price of petroleum royalties hasn’t been updated since 2008 – ANRM official says

The state budget has lost revenues of RON 7 billion during 2010-2015, because the reference price of gas, on which the petroleum royalties are calculated, has not been updated since 2008, as two checks conducted by the Court of Auditors ...

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