Acasă » Oil&Gas » Exploration & production » Wagley: The capital leaves if the rules are changed during the game

Wagley: The capital leaves if the rules are changed during the game

energynomics

If the Romanian authorities change the rules during the game, they should not be surprised by the departure of the capital, says Mark Wagley, a member of ROPEPCA – the Romanian Association of Petroleum Exploration and Production Companies. The statements were made in the context of reducing local investment in the hydrocarbon sector.

“Money can go and (authorities – e.n.) should not kill the goose with golden eggs. (…) God blessed Romania with abundant resources, like Texas,” said the ROPEPCA representative, in a recent debate, according to Newsenergy.ro.

In addition, Mark Wagley added that some members of the association have reduced their investment funds considerably, as investors seek the best return on investment with the lowest risk. Also, the accelerated growth of gas imports this year is not an “accident,” but is the effect of the additional tax on local producers.

Leave a Reply

Your email address will not be published. Required fields are marked *