offshore law

On Monday, Prime Minister Marcel Ciolacu had a meeting with a delegation of OMV Petrom, during which they discussed the Black Sea gas exploitation project, Neptun Deep. Government sources told Digi24.ro that Prime Minister Ciolacu told the…

The head of OMV is coming to Bucharest today to negotiate with the Government representatives the amendment of the Offshore Law. This visit takes place in the context in which the Romanian state was sued, claiming provisions from the…

President Klaus Iohannis enacted the Offshore law on Wednesday. The law was passed by parliament last week. According to the law, the Romanian state will collect 60% of taxes and duties for the gas from the Black Sea. The law stipulates…

The offshore law was adopted by the Chamber of Deputies, the decision-making chamber, by 249 votes "for" to 34 votes against. The law goes to promulgation by President Klaus Iohannis. According to the draft adopted by the deputies, the…

The Senate's plenary session has adopted on Wednesday the legislative proposal for the amendment of the Offshore Law, which regulates the oil operations of exploration, development, exploitation of oil fields both in offshore and deep…

After months of discussions and negotiations in the Coalition, the draft offshore law was tabled in Parliament on Friday. The initiative aims to unblock investments in the Black Sea, ensure Romania's energy independence and reduce…

PSD chairman Marcel Ciolacu announced on Tuesday that an agreement had been reached in the Coalition for the offshore law, which would allow the extraction of gas from the Black Sea. "We agreed in the Coalition to resolve the situation…

Romanian Prime Minister Nicolae Ciuca said that the war in Ukraine will undoubtedly have economic consequences for Romania as well, but he gave firm assurances that there is no risk of running out of gas. He announced on Sunday evening,…

The Offshore Law will be amended by the end of this parliamentary session, namely by summer, Energy minister Virgil Popescu said, asking investors who are waiting for this law to unblock investments and have "a little bit more patience".…

Energy Ministry has launched to public debate a draft law to radically amend the Offshore Law, which is regulating the investments in gas&oil deposits in the Black Sea. The amendments are set to cut many of the tax barriers…