“We plan to develop the project in the Black Sea because it is an opportunity both for us and for Romania. We plan to move forward with this project, but we need an encouraging fiscal-legislative framework”, Verchere also said, pointing out that Romania charges one of the highest taxes in the oil and natural gas sector, in Europe.
“Romania has one of the highest taxes in the oil and natural gas sector, in Europe, which fails to offer a highly competitive environment. We shall observe the fiscal-legislative framework and make a decision”, stated Verchere.
With a RON4.2 billion budget for 2020 – which makes OMV Petrom one of the largest investors in the local economy – Verchere calls for stability and for eliminating uncertainties for the business well-being.
“We need stability, as we are talking about the largest projects ever carried out in this sector, in Romania. We need stability and a friendly investment climate. It is valid for all investments, but considering the size of this project, we need a competitive environment, fiscally speaking”, crede CEO-ul OMV Petrom.