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Bucharest
December 9, 2022
BUSINESS

Gov’t approves oil agreements with Chevron

Nine O’ClockThe government approved the oil agreements of concession in view of exploration-development-exploitation concluded by the National Agency for Mineral Resources (ANRM) and Chevron, the second-largest oil group of the United States of America (USA), Mediafax reports. For the perimeters Vama Veche, Adamclisi and Costinesti, the approval was granted after a meeting between Premier Mihai Razvan Ungureanu and the American group. The Executive also decided that the three agreements came into force yesterday. The annex with the main provisions of the three agreements between ANRM and Chevron has been classified. The oil agreements were approved by the Executive through Government decision, after PM Mihai Razvan Ungureanu met Chevron officials at the Victoria Palace. According to official sources, Chevron wanted to make sure that it may start drilling for unconventional gas in Romania this year, as Bulgaria recently withdrew the license of the American company.

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