The largest oil producers in the European Union were, in 2022, Italy (4.5 million tons), Denmark (3.2 million tons) and Romania (3 million tons), according to data published on Monday by Eurostat. According to this source, EU crude oil production continued to decline in 2022, despite a significant increase in oil prices following the Russian invasion of Ukraine. EU oil production fell in 2022 to a historic low of 16.3 million tonnes, 7.4% less than in 2021. Taking a longer time horizon into account, EU crude oil production has been declining since 2004, when it peaked at 41.8 million tonnes, meaning that production in 2022 was 61% lower compared to with the historical maximum since 2004. In 2022 compared to 2021, oil production also decreased in the first three producers: Italy (minus 8%), Denmark (minus 2%) and Romania (minus 6%). According to Eurostat, the EU’s dependence on imports of oil and oil products reached a new historical high of 97.7% in 2022, after in 2021 this dependence registered a significant decline to 91.6%. In 2022, total EU crude oil imports stood at 479.6 million tonnes, a considerable increase of 7.4 percentage points compared to 2021, when these imports fell to their lowest level in 31 years . Most imports came from Russia (88.4 million tons), Norway (54.1 million tons), USA (48.3 million tons), Iraq (37.2 million tons) and Kazakhstan (36 .6 million tons). Also in 2022, EU refineries produced 544.3 million tonnes of oil equivalent of petroleum products, up 4.5% compared to 2021. The largest producers of petroleum products were: Germany (99.9 million tonnes oil equivalent), Italy (74.6 million tons of oil equivalent), Spain (63.4 million tons of oil equivalent) and the Netherlands (59.6 million tons of oil equivalent). Next, in order, are France, Greece, Belgium, Poland, Sweden and Romania, with a production of less than 20 million tons of oil equivalent.
INVOLI, together with Vantage Towers Romania, proudly announces an enhanced strategic partnership aimed at transforming air traffic surveillance throughout Romania regional airports. This initiative marks a significant step in our joint commitment to advancing safety and operational efficiency across all levels of Romanian airspace. Partnership Overview Extended Collaboration: Building on the successful implementation of the […]
Emanuele Nicola Affaticati, a young boy of Romanian origin, will be given the recognition of "Alfiere della Repubblica" (Standard Bearer of the Republic) in Italy for preventing a murder. Emanuele lives in the town of Fiorenzuola D’Arda, in the Piacenza area. In December 2022, he foiled the plan of a man who intended to kill […]
The salaries in the local business services industry have seen a 4% increase in March 2024 compared to September 2023, according to the HR Barometer conducted by the Business Service Leaders Association (ABSL) and PwC Romania. Bucharest leads in salary increase levels at 4.7%, while the region of Banat - Transylvania witnessed an increase of only 2.1%. […]
Romania's Central Electoral Bureau recently published the definitive list of candidacies for the European Parliament elections. According to the BEC decision, 12 political formations and electoral alliances, as well as 4 independents, will participate in the European elections. The candidacies submitted by the Electoral Alliance of Social Democrats and Liberals (PSD-PNL), the United Right Alliance […]
Liberal (PNL) candidate for mayor of Bucharest, Sebastian Burduja, who recently presented his plan for the city, argued that the Romanian capital should strive to become a port on the Danube. The project was first envisioned roughly 170 years ago, in the 1850s, by the Romanian authorities at the time. "It's a project that I […]
Romania will host the third hydrogen bus roadshow this spring as part of the JIVE projects supported and funded by the Clean Hydrogen Partnership, followed by Greece, Bosnia Herzegovina, and Bulgaria. During the first JIVE project CEE roadshow, which ran between November 2022 and January 2023, the bus traveled across Slovenia, Croatia, Czechia, Slovakia, and […]
