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September 20, 2020
BUSINESS

Industrial production dropped in September compared to August

According to the National Statistics Institute (INS), as an adjusted series industrial production dropped in September by 0.6 per cent month-on-month but grew by 5.8 per cent year-on-year. Its growth at nine months stood at 7.2 per cent. Thus, compared to August, in September there were drops in all three industrial sectors, namely a 1.3 per cent drop in the extractive industry, 0.7 per cent in the processing industry and 0.1 per cent in the production and distribution of electricity, heating, natural gas, warm water and air conditioning.

In other developments, in the first nine months of the year electricity consumption grew by 4.3 per cent to 39.12 billion KWh compared to the same period last year, the electricity resources growing by 5.2 per cent to 46.07 billion KWh. The largest production hike was reported in wind farms. At the same time, electricity production in thermal power plants grew by 18.9 per cent to 23.36 billion KWh, while electricity production in nuclear power plants grew by 2.2 per cent to 8.6 billion KWh. On the other hand, electricity production in hydropower plants dropped by 14 per cent to 13 billion KWh. Electricity exports grew by 38.8 per cent to 22.15 billion KWh.

Moreover, in the first nine months of this year Romania’s natural gas imports totaled 2.232 million tons of oil equivalent (toe), 54.7 per cent (789,700 toe) higher than it did in the same period last year. According to a British Petroleum survey, Romania’s proven natural gas reserves stood at 600 billion cubic meters at the end of 2010, representing 0.3 per cent of world reserves.

At the same time, in the first nine months of this year Romania imported 4.287 million tons of oil, 5.2 per cent (236,100 tons) less than it did in the same period last year. During the aforementioned period Romania’s oil production totaled 2.967 million tons, being 2.5 per cent (74,600 tons) lower than it was in the same period last year. According to a British Petroleum survey, in 2010 Romania was 9th in the top of European and Eurasian oil producers, with an oil production of 89,000 barrels per day (0.1 per cent of world production). Likewise, in the first nine months of the year Romania’s net coal production totaled 4.941 million toe, up by 14.3 per cent (619,800 toe) compared to the one reported in the same period last year.

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