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.
With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]
Security officers at Romania’s Parliament stopped a woman on Friday morning, September 12, as she attempted to enter the building carrying six knives, according to media reports. The woman, a 35-year-old from Moldova, was on a supplementary guest list submitted by the nationalist AUR party for an economic forum scheduled inside the Palace of Parliament, […]
Bucharest will host the 12th edition of Asia Fest, the largest festival dedicated to Asian culture and gastronomy in Southeast Europe, from September 19 to 21 at the National Arena’s courtyard. Organizers describe the event as a “journey through Asia,” combining culture, entertainment, and sustainability initiatives. The three-day festival will showcase traditions, music, dance, and […]
The Romanian city of Alba Iulia will attempt to set a Guinness World Record on Saturday, September 13, with Masa Care Unește/The Table That Unites, a massive community gathering where more than 10,000 people will sit at a 2.7-kilometer-long table built entirely from recycled materials around the historic Alba Carolina Citadel. The event, organized by […]
Discount retailer Pepco celebrated a decade of operations in Romania on Thursday, September 11, with the opening of its 500th store nationwide. The company, which first entered the country in 2015 with stores in Bucharest, Ploiești, and Câmpina, now operates in more than 100 cities and employs nearly 4,000 people. Romania has become Pepco Group’s […]
Social Democrat (PSD) MP Mihai Weber, head of the parliamentary defense committee, came under fire after investigative platform Snoop unveiled his EUR 140,000 hybrid Mercedes AMG GLE 53 purchased this year through a small firm that operates no more than a countryside...
