Romania has imported during the first 10 months of 2021, a quantity of crude oil of over 5.513 million tons of toe (tonne of oil equivalent) net crude oil, with 49,700 toe (0.9%) smaller than the one imported during the similar period of 2020, according to the centralized data from the National Institute of Statistics (INS).Crude oil production rose up to almost 2.6 million toe, being 4.2% (112,900 toe) smaller than last year.The National Commission for Strategy and Prognosis (CNSP) estimates that crude oil production this year will be at 3.275 million toe (minus 3.2% from 2020) and 3.2 million toe (-2.3%) in 2022. Imports are expected at 8.425 this year (+20.7%) and 8.815 million toe in 2022 (+4.6%).The National Energy Strategy, published on the website of the Ministry of Energy, estimates that crude oil production will continue its slow drop tendency between 2030 and 2050, from 22 to 13 TWh (1.93 at 1.15 million toe).The results of modeling in 2016 indicate a halve of internal crude oil production, to up to approximately 2 million tons in 2030. The rise in import dependency cannot be avoided on medium and long term, unless the activity of exploring and production is encouraged, as well as increasing efficiency of fossil fuel consumption, the project mentions.
One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the signing of a new lease agreement for the relocation of Cencora Romania’s headquarters within One Cotroceni Park, the most modern business ecosystem in Bucharest. Cencora is a global leader in pharmaceutical solutions, dedicated to improving […]
The investment includes the modernization of the production unit in Crevedia and the launch of PIUA, Maidan’s first premium spreadable product range, responding to the growing demand in the ready-to-eat market. Maidan, a company active in corporate and private event catering, industrial catering and the development of its own gastronomic products, announces a total investment […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the signing of a new lease agreement for the relocation of Cencora Romania’s headquarters within One Cotroceni Park, the most modern business ecosystem in Bucharest. Cencora is a global leader in pharmaceutical solutions, dedicated […]
Unanimously adopted, the Nordis Law marks a decisive moment for Romania’s residential market. It introduces a set of rules designed to protect buyers, hold developers accountable, and reduce speculative risks, with a strong focus on transparency and stability. Under the new legislation, the reservation fee cannot exceed 5% of the property value, reservation contracts cannot […]
Via Dobrogeana, a planned trail covering the southeastern part of the country, aims to offer travelers the opportunity to explore the region's cultural and ethnic diversity. The trail will be about 850 km long, stretching from the 17th-century Sfânta Precista Monastery in Galați to Ialomița County. Via Dobrogeana will be a mixed route. In addition […]
Police and prosecutors carried out 25 searches in Romania and Italy on Tuesday, November 18, aiming to dismantle a group made up of four families, who allegedly sexually exploited, mainly in Italy, more than 30 victims. After the searches, 19 people were detained, and two others were placed under judicial control for forming an organized […]
