Acasă » Oil&Gas » Romania’s crude oil production fell by 4.6% in the first two months of 2022

Romania’s crude oil production fell by 4.6% in the first two months of 2022

Energynomics

Romania produced, in the first two months of 2022, a quantity of crude oil of over 481,600 tons of oil equivalent (toe), about 23,100 toe (4.6%) lower than in the similar period of 2021, according to data centralized by National Institute of Statistics (INS).

Imports of crude oil in the mentioned period amounted to 1.272 million toe, being of 3,500 toe (0.3%) lower than in the previous year, according to Agerpres.

According to the estimates of the National Commission for Strategy and Forecast, oil production is estimated for 2022 at 3.17 million toe (minus 2.3% compared to 2021) and in 2023 at 3.095 million toe (minus 2.3%). Imports are projected at 7.25 million toe in 2022 (plus 6.4%) and 7.83 million toe in 2023 (plus 6.5%).

The draft Energy Strategy, published on the website of the Ministry of Energy, estimates that oil production will continue its slow downward trend between 2030 and 2050, from 22 to 13 TWh (1.93 to 1.15 million toe).

Modeling results in 2016 indicate a halving of domestic crude oil production to about 2 million tonnes by 2030. Increasing dependence on imports can only be avoided in the medium and long term by encouraging exploration and production, as well as increasing efficiency of fossil fuel consumption, is mentioned in the project.

 

Autor: Energynomics

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