Rosneft, Exxon Mobil Discover Vast Oil Reserves In Arctic Ocean Region
Russia’s state-run Rosneft and U.S.-based energy company Exxon Mobil have discovered a vast pool of oil in the Kara Sea region of the Arctic Ocean, showing the region has the potential to become one of the world’s most important crude-producing areas.
The announcement was made by Igor Sechin, Rosneft’s chief executive officer, who spent two days sailing on a Russian research ship to the drilling rig where the find was unveiled. The well found about 1 billion barrels of oil and similar geology nearby means the surrounding area may hold more than the U.S. part of the Gulf or Mexico, Sechin said. (Puterea)
Romania’s Public Debt Up By EUR9B In 3 Years
The policies of the Romanian governments between 2010 and 2012 are excessively burdening the future generations, according to a report of the Romanian Court of Auditors on the public debt.
Between January 1, 2010 and December 31, 2012, Romania’s public debt rose by RON46.39 billion (EUR9 billion), from RON194.45 billion to RON240.84 billion, pressuring the costs of next generations, according to a report of the Court of Auditors, published by Hotnews.ro. The report covered the activity of several finance ministers, namely Sebastian Vladescu, Gheorghe Ialomitianu, Florin Georgescu and Bogdan Dragoi. (Romania Libera)
Government To Cut RON4B From Expenses For EU Funds Projects
The Romanian government will cut nearly RON4 billion from the expenses to co-finance projects with EU funds, out of which almost EUR1 billion from highway projects.
Government approved the second budget revision this year, cutting expenses for investments and social care and increasing expenses for transfers between the units of public administration and goods and services. The budget deficit will be cut by RON48 million, to RON14,712 million, but will be maintained at 2.2% of the GDP.
The government estimates a RON1.47 billion decrease of the state budget revenue. (Adevarul)
Lists Of Candidates For Presidential Elections Are Final – Central Electoral Bureau
The lists of the 14 candidates for presidential elections are final, spokesperson of the Central Electoral Bureau (BEC), Marian Muhulet, announced.
The candidates for President are Victor Ponta (PSD-PC-UNPR Alliance), Klaus Johannis (the Christian-Liberal Alliance), Elena Udrea (People’s Movement Party), and independent candidates Calin Popescu-Tariceanu, Monica Luisa Macovei, and Teodor-Viorel Melescanu, among others. Their position on the ballots will be decided Tuesday, BEC representatives stated. (Evenimentul Zilei)
Health Ministry To Finalize Six New Maternity Hospitals
Health Ministry is about to finalize six new maternity hospitals, out of which two will be opened in Bucharest in October, according to minister Nicolae Banicioiu.
“We have a problem with the lack of room for newborn at intensive care, but we never thought this issue would only be solved temporarily, but with permanent solutions, which means finalizing the construction of maternity hospitals,” Banicioiu stated. (Adevarul)