‘With the amendments we made to Law 256 enacted in 2018, we unlock investment and thus ensure Romania’s energy independence and reduce reliance on Russian gas. We set a competitive tax regime so that the revenue is shared about 60% (Romanian government) – 40% (the investor),” Virgil Popescu said in a Facebook post.
Another issue is that the law ensures legislative stability and predictability for offshore investors in the Black Sea, as well as for those investors in deep onshore operations, he added.
(English version by Loredana Fratila-Cristescu)