Romania has imported, in the first eight months of 2021, 4.837 million tons of oil equivalent (toe) in oil, by 452,000 toe (10.3) more than the quantity imported in the similar period of 2020, according to data centralized by the National Institute for Statistics (INS).The oil production exceeded 2.085 million toe, by 4.7 pct (102,400) lower than in the previous year.According to estimates of the National Strategy and Forecast Commission, oil production is estimated to total this year 3.275 million toe (minus 3.2 pct over 2020) and 3.2 million toe (minus 2.3 pct) in 2022. Imports are estimated at 8.425 (plus 20.7 pct) this year, and 8.815 million toe in 2022 (plus 4.6 pct).The Energy Strategy project, published on the website of the Energy Ministry, estimates that oil production will maintain its slow decline between 2030 and 2050, from 22 to 13 TWh (1.93 to 1.15 million toe). Increasing dependence of imports cannot be avoided in the medium and long-term except by encouraging exploration and production activities, as well as by increasing the efficiency of fossil fuel consumption, the project mentions.
The Environmental Guard has fined Bucharest City Hall RON 100,000 (over EUR 20,000) for failing to implement several environmental measures, particularly regarding air quality and green space management. The sanction follows repeated inspections that revealed the municipality’s failure to comply with previous directives, according to the official announcement. One of the major issues identified is […]
The isolationist far-right candidate, be it George Simion or Anamaria Gavrila, would win the first round of the presidential elections – but not at a wide margin, and either of them would lose in the second round against Bucharest mayor Nicusor Dan, according to a poll carried out by AtlasIntel for
The Ministry of Energy has mandated state-controlled Romgaz (BVB: SNG), the largest natural gas producer in Romania, to evaluate the takeover of the largest fertilizer production plant for Romanian agriculture, Azomureș, energy minister Sebastian Burduja said, according to
The integrated steel mill Liberty Galați in Romania, one of the last crude steel producers in the region, will provide raw materials for the Romanian defense industry, announced the minister of economy, Bogdan Ivan,
Romanian households purchased RON 2.2 billion (EUR 440 million) of government bonds denominated in local currency and euros under the March issue of the Fidelis scheme (bonds listed at the Bucharest Exchange), Economica.net...
The net foreign direct investments (FDI) to Romania contracted by 53% y/y to EUR 538 million in January, resulting in a total of EUR 5.1 billion (-28% y/y) in 12 months to the end of the month, according to data published by the central bank BNR. Out of the FDI in the 12 months to […]
