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January 31, 2023

Rompetrol fears the cheap oil products from Serbia

Rompetrol officials fear that the operations of the company will be affected by the arrival on the Romanian market of quantities of crude and oil products from Serbia, at low prices, as a consequence of a trade agreement signed by this country with the European Union. “(…) From the information provided by Rompetrol officials, the crude and oil products from Serbia might enter the Romanian market in April or May, at much lower prices, due to the low prices and costs in effect in the neighbour country,” reads a press release issued by the Ministry of Economy following talks held yesterday by the minister of Economy, Varujan Vosganian with a Rompetrol delegation led by the CEO of the company, Tusupbekov Zanat. Besides Romania, the most affected countries would be Slovenia and Bulgaria, adds the communiqué. Vosganian explained to Zanat that the issue of small prices of the products coming from outside the EU is already being debated by the European Commission and assured the Rompetrol delegation that “in the future” the crude and oil products from Central Asia will gain an increased importance.

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