Home / Tag Archives: petroleum

Tag Archives: petroleum

Offshore bill – adopted by Senate with amendments, may be challenged to CCR

The Senate plenary has adopted on Monday the offshore draft bill with the amendments proposed on the same day by the PSD and ALDE representatives in the parliamentary committees. The draft law was adopted with 81 votes for, 9 against ...

Read More »

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 ...

Read More »

Capping of gas price: Romgaz and OMV Petrom shares fall. ROPEPCA warns gas imports will grow. ANRE to increase tariff by 5.83pc

The shares of gas companies Romgaz and OMV Petrom fell on Thursday on the Bucharest Stock Exchange (BVB) after the Ministry of Finance has put for public debate a draft Government Decision that envisages cutting the gas price to RON ...

Read More »

KMG-China Energy Company Limited transaction, approved by Romanian authorities

The transaction between NC KazMunayGas (KMG) and China Energy Company Limited (CEFC) has received the approval of Romanian authorities, KazMunayGas International has informed on Thursday in a press release. According to the source, the KMG and CEFC shares in the ...

Read More »

Romania would have paid USD 3.5bn if forced to import oil and gas in 2016

Romania would have had to pay USD 3.5 billion last year if it had been forced to import the equivalent of domestic oil and gas production, Harald Kraft, president of the Romanian Petroleum Exploration and Production Companies Association (ROPEPCA), has ...

Read More »

Convergence Programme 2016-2019: Oil industry – tax on extra profits from exploitation

The government envisages for 2017 a new system of taxation in the oil sector, applicable to all holders of petroleum agreements by distinct taxation of onshore and offshore segments, for exploration and production, the National Convergence Programme 2016-2019 reads, according ...

Read More »

Major associations aboard Romania Oil & Gas Summit

Bucharest will host the Romania Oil & Gas Summit on March 16-17 at the Radisson Blu Hotel. The organizers informed on Friday that the Black Sea Economic Cooperation Organization (BSEC), the Romanian Black Sea Title Holders Association (RBSTA) and the ...

Read More »

OPEC decides not to cut oil production

OPEC decided on Friday not to cut oil production despite the fact that prices have tumbled 40% from a year ago, CNN reports. OPEC has been trying to paint the move as part of a savvy strategy to drive American ...

Read More »