”(…) We cannot have the same royalties for both onshore and offshore exploited resources, and I refer to the Black Sea in our case, as there are huge differences of investments and profit. The idea is to find a differentiated system and we are working with the World Bank experts on a system of differentiated royalties that would keep offshore exploitations profitable as well,” Ponta stated.
The PM added that investments in the Black Sea will exceed EUR1 billion, according to the talks with Exxon and Petrom representatives.
Ponta stated that Romania will have a clear and stable royalties-related legislation after January 1, 2015 as well.