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.
Romania was formally designated the 43rd country to join the US Visa Waiver Program (VWP) on Friday, January 10. According to the Romanian ambassador to Washington, Andrei Muraru, Romanian citizens will be able to travel to the US without the need for a visa starting March 31, 2025. "Romania becomes the first country in the […]
Cluj-Napoca, the city in Romania with some of the highest rents and a fast-growing IT industry, is closer to banning smoking in playgrounds and parks after mayor Emil Boc expressed his support for the measure. The mayor cited the prioritization of public health as the reason behind such a ban. He mentioned that he has […]
Romania's Sibiu County Emergency Clinical Hospital will receive a robotic system to prepare cytostatic drugs needed by cancer patients, along with other equipment, after the County Council obtained funds from the European Regional Development Fund. With an estimated value of EUR 1 million, the "Robotic Composition System for Sterile Preparations of Cytostatic Drugs" is among […]
Romania’s government adopted in its January 10 meeting a decision granting an extra day off to public sector employees at the beginning of May. Thus, Friday, May 2, will be an official day off for public sector workers, linking the legal holiday of May 1 (Labor Day) with the weekend (May 3-4). This...
The Ministry of Environment announced that 2024 was the hottest year in the history of Romania's meteorological records. Red alerts for heat waves began in June of 2024, with the longest consecutive periods of persistent and intense heat waves, six consecutive days, between July 13-18 and August 15-20. "The year 2024 is the hottest year...
Supporters of former presidential candidate Călin Georgescu gathered outside the Parliament Palace in Bucharest, which houses the Constitutional Court, on January 10, demanding a rerun of the second round of the presidential elections. The protest, dubbed "The Great Judicial Union," was initiated by Georgescu, who called on his supporters to challenge the election annulment, as […]
