12.6 C
Bucharest
April 20, 2021
BUSINESS

Oil imports up 3.8 pc in first five months of the year

The imports of oil, oil products and coal grew in the first 5 months of the year, while natural gas imports dropped dramatically.

According to National Statistics Institute (INS) data, Romania’s oil imports grew by 3.8 per cent in January-May 2015 compared to the same period last year, to 2.7326 million tons of oil equivalent (toe). The domestic production of oil dropped by 0.9 per cent to 1.5735 million toe.

Romania’s oil imports come mainly from Russia and Kazakhstan, fueling the Petrotel refinery owned by Russia’s Lukoil and the Petromidia refinery owned by Rompetrol, a company controlled by Kazakhstan’s state-owned KazMunaiGaz. Likewise, OMV Petrom owns development and production licences for 4 hydrocarbon deposits in Kazakhstan.

At the same time, the imports of oil products grew by 21.1 per cent to 888,300 toe.

Net coal imports registered the biggest rise however, growing by 48.2 per cent year-on-year to 226,600 toe. The domestic production of coal grew by 6.8 per cent to 1.8617 million toe.

On the other hand, natural gas imports dropped significantly, by 77.5 per cent year-on-year to just 66,600 toe.  Domestic production dropped too, but only marginally, by 0.2 per cent to 3.6277 million toe.

According to the latest official data from ANRE, in March 2015 only 1.22 per cent of the consumption of natural gas was covered by imports, compared to 13.32 per cent in March 2014. On the other hand, Romania’s total consumption of natural gas grew in March by 6.78 per cent year-on-year to 13.089 million MWh.

 

 

Related posts

Fiat offers Canadian Gov’t USD 125 M for its share of Chrysler

Nine O' Clock

HP ePrint Web Enable Print Technology

Test

NEWS IN BRIEF

Test