Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Romania's crude oil production down 3.4pct in Q1...

Romania's crude oil production down 3.4pct in Q1 2024, imports drop 15.1pct

June 20, 2024

In the first quarter of 2024, Romania produced 682,400 tonnes of oil equivalent (toe) of oil, 23,900 toe less (-3.4%) than in the same period of the previous year, according to data centralised by the National Institute of Statistics (INS).Imports of crude oil exceeded 1.773 million toe in the period, 315,700 toe less than in January-March 2023 (-15.1%).According to the latest Energy Balance Forecast, published by the National Commission for Strategy and Forecasting (CNSP), Romania's coal production will be on a downward trajectory until 2026, with an average annual rate of -2.2%, as a consequence of the natural decline of deposits and the maintenance of existing production units.Thus, in 2024, production will be 2.98 million toe (-2.3% compared to the previous year), in 2025 2.91 million toe (-2.3%) and in 2026 2.855 million toe (-2%).On the other hand, the CNSP estimates an increase of 4.1% for the import of oil during the period mentioned above.For 2024, the latest Energy Balance Forecast estimates imports of 9.65 million toe (+4.7%), for 2025 of 10 million toe (+3.6%), and for 2026 of 10.3 million toe (+3%).

Read in full - click here
A Romanian Consortium led by certSIGN to support the European Union Agency for Cybersecurity in strengthening cybersecurity in Romania under NIS2 Directive

certSIGN, a Romania-based company and leading developer and integrator of cybersecurity and cryptographic solutions, has been awarded, following a competitive international tender process, a framework contract to support the European Union Agency for Cybersecurity (ENISA) in providing cybersecurity services to Romania. certSIGN will lead a consortium including Bit Sentinel and CybrOps to deliver cybersecurity preparedness […]

Cluj-Napoca City Hall welcomes pets, mayor says

Pets are now officially welcome inside Cluj-Napoca City Hall, mayor Emil Boc announced on Monday, September 15, describing the move as part of efforts to make the city more modern and empathetic. “Today we are opening the doors of City Hall to our voiceless friends as well. Dear residents, from now on, pets are welcome […]

Romania in talks with Ukraine for joint drone production, minister says

Romania is currently discussing with Ukraine the possibility of developing joint drone production projects, according to defense minister Ionuț Moșteanu. Drones have been at the forefront of the war between Ukraine and Russia, used by both sides for reconnaissance, surveillance, but also deep strikes in enemy territory.  The prevalence of drones on the battlefield and […]

Southern Romania: New adventure park to be built at Băile Govora resort

The Băile Govora resort, in southern Romania, will have a new adventure park, with a zip line, alpine coaster, and even off-road bicycle tracks, according to a plan announced on Monday, September 15, by the Băile Govora City Hall. The goal of the investment is to develop leisure tourism in the resort famed for its […]

Romanian PM reportedly opposes further extension of food price capping mechanism

Romania’s prime minister Ilie Bolojan reportedly opposes the idea of further prolonging the price-capping mechanism introduced in August 2023 and repeatedly extended so far, according to Ziarul Financiar. Ambiguous statements over the weekend indicated an incipient conflict among the ruling coalition’s...

Union leaders meet Romanian prime minister after protest against staff cuts

Several thousand civil servants rallied in Bucharest on September 15 to oppose government reform plans that would reduce public administration staff, Radio Romania Actualități reported. Protesters gathered in Victoriei Square before marching to the Palace of Parliament,...