OMV Petrom confirms possibility of new gas discoveries in Black Sea
OMV Petrom officials say the Neptun Deep development is progressing according to schedule, with first natural gas expected in 2027,…
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Gal, ANRM: Oil royalties fell by about 21% in the first 9 months
In the first nine months of the year, oil royalties fell by about 21 percent, primarily due to declining oil…
Orban: Any discussion about the level of royalties must be rational
Prime Minister Ludovic Orban said the government could not set royalties without taking into account the meaning of the world…
About 80% of the on-surface operations royalties will be allotted to local authorities
Liberal party PNL will send the Government for approval a project whereby the royalties from surface operations will remain, at…
Romanian oil firms will pay royalties according to the Brent barrel on the London Stock Exchange
Companies that extract oil from Romania will pay fees to the state budget according to the Brent barrel quotation on…
Romgaz expects additional expenses of up to 30 million lei with royalties in 2018
In the conference call to discuss the 2017 preliminary financial results, Romgaz officials estimated to 24-30 million lei the additional…
ROPEPCA: ANRM’s reference for natural gas royalties shows total indifference regarding the natural gas market in Romania
The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) stands against the NAMR Order approving the Methodology for establishing the…
Mobile benchmarks for oil royalties; OPCOM is mentioned as the only centralized market for natural gas
The Ministry of Economy launched on October 23rd a draft law regarding the regulation of the royalty system for the…
Royalties and Mine Law, subject to public consultation this August
The minister of Economy Mihai Fifor announced that he intends to submit to public debate the Mining Law, the Mineral…
ROPEPCA: Oil and gas investments depends on the long-term stability of the fiscal framework
For more than five years, the International Monetary Fund (IMF) urges Romania, through the arrangements made for financial stability, to…
Deloitte study: Increasing differences in royalties and similar taxes applied to the oil sector in Romania vs the European average
Deloitte has updated, at the request of Oil and Gas Employers’ Federation, the comparative study of royalties and similar taxes…
Transparency in the natural resources sector has to wait one more year
The obligation of oil, gas and mining companies to publish the details of all payments they make to the state…
Vâlcov: New royalies could be presented at the end of next month
The new draft law on royalties could be presented at the end April for a first reading in a Government…