Romania produced 2.795 million tonnes of oil equivalent (toe) of crude oil in 2023, 129,200 toe less (-4.4%) than in the same period last year, according to data centralised by the National Institute of Statistics (INS).Crude oil imports amounted to 7.371 million toe last year, 1.332 million toe less than in 2022 (-15.3%).According to the latest energy balance forecast, published by the National Commission for Strategy and Prognosis (CNSP), this year's crude oil production was forecast at 3.050 million tonnes of oil equivalent, down 2.3% compared to 2022.The CNSP reports 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 2.91 million toe (-2.3%) and in 2026 2.855 million toe (-2%).On the other hand, the CNSP estimates an increase of 4.1% in the import of crude oil during the period mentioned above.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 of 10 million toe (+3.6%), and for 2026 of 10.3 million toe (+3%).
Grup EM, a Romanian holding active in the field of energy infrastructure with Electromontaj among its subsidiaries, announced its firm intention to list its shares on the AeRO market of the Bucharest Stock Exchange despite failing to meet the 10% free float following the IPO completed recently, Ziarul...
OMV Petrom (BVB: SNP), the largest company listed on the Bucharest Stock Exchange and the main oil and gas producer in Romania, recorded mixed results in the first nine months of 2025, with revenues slightly increasing but profits declining compared to the previous year, according to a research note of Tradeville brokerage house published by
Romanian cold cuts and ready-made meals producer Cris-Tim Family Holding (BVB: CFH) announced the allocation of the shares put up for sale under the IPO at Bucharest Exchange, and the company's CEO Radu Timis Jr. announced that a broad range of institutional investors, including the European Bank for Reconstruction and Development (EBRD), became shareholders. "Cris-Tim […]
The government of Romania, the main creditor of the integrated steel mill Liberty Galati, part of the Liberty Steel group but currently under pre-insolvency procedure, agreed with the sale of the company’s core assets separately, according to Ziarul Financiar, citing the independent manager of the company...
There are several contenders for Lukoil’s Petrotel refinery in Romania, including Shell and Orlen, according to Valeri Andrianov, a senior lecturer at the Financial University, an institution subordinate to the government of Russia, cited by Economica.net...
The Bucharest General Council has unanimously approved an implementation protocol for the Bucharest–Ilfov Green Belt on Thursday, October 30, marking a key step toward surrounding the capital with forests and protected green areas. The protocol, signed between the City Hall, represented by city manager Lucian Judele, and the Green Belt Foundation (Fundația Centura Verde), represented […]
