The development of upstream projects in the Black Sea could require total investments of EUR 16 billion, said on Monday Ionut Ciobotaru, vice-president of Business Development at OMV Petrom.Ciobotaru participated in the Romanian International Gas Conference, organized by the Romanian Oil and Gas Federation of Romania and the Energy Policy Group."At the moment, we are the second largest producer of gas in the EU and we hope to reach the first place, because we have the gas from the Black Sea and we have a history of gas," Ciobotaru said.The improvement of gas interconnections with other countries is also essential."The Neptun Deep project represents a huge opportunity for Romania, not only for energy security. Such a project (...) will create many jobs and will bring a lot of gas and taxes to the state, and we as a country can use these resources not only to become the largest gas supplier in the EU, but also to finance the energy transition in the coming period," said OMV Petrom official.In his opinion, Romania has the potential to become the first gas producer in Europe.Regarding Neptune Deep, he said: "If the final investment decision is 2023, we estimate that production will start in 2027. If everything is prepared faster, we can move faster. The project will generate other horizontal investments and other jobs."Last week, company officials said the reserves in Neptune Deep amounted to 100 billion cubic meters of gas.
Romanian director Cristian Mungiu will be part of the jury that will judge the films in the main competition of this year’s Venice Film Festival - Venezia 82. The jury, headed by American director Alexander Payne, includes French director and screenwriter Stéphane Brizé, Italian director and screenwriter Maura Delpero, Iranian director and writer Mohammad Rasoulof, Brazilian actress, writer, and […]
Romania continues to face significant prison overcrowding, according to the Council of Europe’s latest data, released on Friday, July 18. The 2024 Annual Penal Statistics on Prison Populations (SPACE I) show that Romania is among six countries in Europe with severe overcrowding, housing 116 inmates for every 100 available places. The report, which...
Chris Hemsworth returns to Disney+ in August with a new season of the National Geographic documentary series Limitless, this time focused not just on longevity, but on discovering how to live better. Titled Limitless: Live Better Now, the three-part season follows Hemsworth through physical, emotional, and mental challenges across six countries, with one standout episode […]
The Black Sea 200 Regatta 2025, Romania’s first non-stop offshore regatta with a 200 nautical mile route, takes place between July 21 and 27. Now in its first edition, the event brings together more than 10 boats from Romania and Bulgaria, according to the organizers. The endurance course will start and finish in the Romanian […]
The National Environmental Guard has fined an illegally operating zoo in Dâmbovița county, southern Romania, a total of RON 120,000 following a joint inspection that uncovered serious violations, including the lack of environmental authorization and inadequate conditions for wild animals kept in captivity. The zoo was reportedly charging RON 50 per person for entry and […]
The National Cybersecurity Directorate (DNSC) and engineering company Enevo Group have signed a strategic cooperation agreement to strengthen cybersecurity in Romania’s energy sector. The partnership aims to test and develop monitoring and alerting technologies for cyberattacks, and to improve national response coordination to incidents affecting critical infrastructure, the companies said. The agreement focuses on sharing […]
