ROYALTIES
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Romania Collects A Mere $30M In Royalties A Year For Black Sea Gas
Romania collected 116.4 million lei ($29 million) in royalties for the natural gas drilled in the Black Sea in 2017. About 10% of Romania’s gas production comes from offshore blocks.
Romania To Keep Oil Industry Royalty System Unchanged In 2015
The royalty system for the oil industry will remain unchanged next year and changes will be considered afterward, minister-delegate for the Budget Darius Valcov said Wednesday.
Oil, Gas Royalties Will Not Grow Sharply: Mineral Resources Agency
The new royalties for oil and gas production will not face a dramatic increase according to the new legislation, but will be differentiated based on the type of deposit, Gheorghe Dutu, head...
Government Is Working On A System Of Differentiated Royalties, Applicable To New Agreements - PM
Romanian Prime Minister Victor Ponta Wednesday stated that the government is working with the World Bank experts on a system of differentiated royalties for onshore and offshore exploitation...
Energy Minister: New Oil Industry Royalties Should Be Discussed After Presidential Election
Romania's minister-delegate for energy Razvan Nicolescu said Thursday a decision on new royalties for oil and gas should be made after the presidential election at the end of this year.
Petrom And Romgaz Paid EUR113M In Royalties In 1H 2013
Petrom and Romgaz, the largest hydrocarbon producers in Romania, paid royalties of some 500 million lei (EUR115 million) to the state budget in the first six months of 2013, according to dat...
What Lies In Store For Romania's Energy Market In 2014
The Romanian state and oil and gas producer OMV Petrom (SNP.RO) are bracing for tough negotiations in 2014 over the royalties charged for Petrom’s oil and gas, Petrom and Exxon will drill th...
Romania Hikes Royalty Rates For Natural Resources
Romanian Prime Minister Victor Ponta on Monday said the government will increase the royalty rates levied on mineral resources other than natural gas and oil in a move to boost revenues to t...
Romania To Renegotiate Oil And Gas Royalties
The level of oil and natural gas royalties to the state budget is not sufficient and will be renegotiated at the end of next year, said Gheorghe Dutu, president of the National Mineral Resou...