As regards the competitive framework, statistical data show that Romania’s oil and gas industry is subject to a lot more taxes than the EU average. Therefore, it is important to have a competitive framework in order to achieve performance and have strong companies in Romania, Popa also said at the event ‘Cei mai mari jucatori din economie’ (Key players in the economy) organized by Ziarul Financiar Thursday.
There is potential to keep investing in Romania. OMV Petrom wishes to continue these investments, but it needs everybody’s support to continue these investments, Popa added.
OMV Petrom’s strategy seeks to boost the share held by the natural gas, hoping to be able to entirely serve the Romanian market and also to export abroad because the Black Sea resources are very good. Romania has mature fields, but still with a huge potential and we are using technology on a large scale in order to produce more, Popa concluded.