Romania produced, in the first 11 months of 2023, a quantity of crude oil of 2.562 million tons of oil equivalent, 114,300 toe less (-4.3%) compared to the same period the previous year, according to centralized data by the National Institute of Statistics (INS).Crude oil imports rose, in the January-November 2023 period, to 6.696 million toe, being 1.36 million toe below those recorded in the first 11 months of 2022 (-16.9%).According to the latest Energy Balance Forecast, published by the National Commission for Strategy and Prognosis (CNSP), this year's crude oil production was expected to be 3.050 million tons oil equivalent, down 2.3%, compared to 2022.CNSP indicates that Romania's crude oil production will be on a downward trajectory in the period 2023-2026, with an average annual rate of -2.2%, a consequence of the natural decline of deposits and the maintenance of existing production units.Thus, in 2024 it will be 2.98 million toe (-2.3% compared to the previous year), in 2025 to 2.91 million toe (-2.3%) and in 2026 to 2.855 million toe (-2 %).On the other hand, for the import of crude oil, CNSP estimates an increase in the mentioned period with an average annual rate of 4.1%.For 2023, the Energy Balance Forecast estimates imports of 9.215 million toe (+5.1% compared to the previous year), for 2024 of 9.65 million toe (+4.7%), for 2025 to 10 million toe (+ 3.6%), and for 2026 of 10.3 million toe (+3%).
Chimcomplex, a producer and supplier of chemicals, has appointed Ștefan Vuza as Chief Executive Officer. The decision aims to “ensure direct coordination of the transformation process underway at Chimcomplex and to strengthen the company’s ability to navigate an economic context marked by strong pressure on competitiveness,” the company said. Chimcomplex, specializing in polyols, chlorosodium, and […]
FIRST, a new Romanian-developed digital real estate platform, launched on the local market with a technology-driven system that, the company says, is designed to help users make faster, more informed property decisions. Available as of this autumn, the platform uses updated data, advanced search filters, and lifestyle-based presentation tools to give buyers and renters clearer […]
Cargus, the first courier company on the Romanian market, is expanding its Ship & Go out-of-home delivery network through a new partnership with Carrefour, adding nearly 450 pick-up and drop-off points inside the retailer’s stores. More than 150 Carrefour hypermarkets, supermarkets, and Express locations will join the network by the end of this year, with […]
Romania’s national railway operator, CFR Călători, will introduce its new 2025–2026 timetable on December 14, adding direct Budapest–Bucharest services and restoring the Vienna Westbahnhof connection as part of a broader update to international and domestic rail operations. The new schedule, valid until December 12, 2026, includes more than 1,150 daily trains. ...
The average price per square meter requested by real estate developers and owners for residential units in Romania increased by 15% in 2025, with the highest rise seen in Craiova, according to a survey conducted by Imobiliare.ro, as reported by Profit.ro. ...
Authorities in Prahova County announced on Monday the full resumption of water supply in all 13 towns and communes that had been left without drinking water for more than a week due to problems at the Paltinu Dam, Bursa.ro reported. Residents, however, have been warned that the water is not yet safe for consumption...
