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Tag Archives: mineral resources

Ponta charges Liviu Dragnea of ‘high treason’ related to the offshore law

Former PSD leader, currently Pro Romania chairman, Victor Ponta, accused current social-democrat chair Liviu Dragnea of high treason, as the form of the offshore law adopted by the Senate on Monday will lead to losses of USD 10 billion in ...

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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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‘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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Romania wins lawsuit against Chevron, which should pay damages of USD 73m. Ruling not final

Romania has won the lawsuit against Chevron, and the US giant should pay damages of USD 73 million to the National Agency for Mineral Resources (ANRM) following the annulment of three oil concession agreements without complying with the financial obligations ...

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Draft bill on royalties – on public debate

The Economy Ministry has submitted the new draft bill on royalties for mineral, oil and hidro-mineral resources on public debate. According to the draft, there will be only one legal framework regulating all royalties, hotnews.ro informs. The royalties on oil, ...

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Romania to have a national database of mineral resources

Romania will have a national database about the mineral resources upon the Government’s approval of the Geological Research Program, Anca Magdalena Chiser, State Secretary in the Ministry of Economy stated in a press conference, capital.ro informs. According to her, setting ...

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Romania has significant gas reserves at huge depths, ANRM official says

Romania has significant reserves of natural gas in areas of huge depth, both at sea and on land, and another big company is interested in the Romanian sector of the Black Sea, said on Monday Sorin Gal, Director general of ...

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Vast Resources: Over USD 5 M invested last year in the two mines it owns in Romania

UK-based Vast Resources invested further USD 5.5 million in 2016 for the two polymetallic mines that it operates in Romania – Manaila (Suceava County) and Baita Plai (Bihor County), a press release informs. “During 2016 we went through several significant ...

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