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June 28, 2022

ANRM to collect from royalties 15 pc more than last year

The National Mineral Resources Agency (ANRM) estimates that it will collect RON 1.5 bln from oil and mining royalties this year, the sum being 15 percent higher compared to the estimated royalty revenues collected last year, according to ANRM’s annual report.

ANRM estimates that for the whole of 2015 it will collect RON 1.3 bln from oil and mining royalties and taxes. The money will be channelled to the state budget, Agerpres informs.

In the first nine months of last year, royalties totalled RON 1.098 bln, of which RON 28.1 M were arrears.

Of that total, RON 896 M represented oil royalties paid by companies that extracted oil from Romanian soil. At the same time, RON 192 M represented mining royalties, of which RON 27.5 M were arrears.

“The debts of national companies and energy holdings under the authority of the Economy Ministry or Energy Ministry total RON 9.60 M, representing 34.80 percent of the total royalty arrears,” the ANRM report reads.

Compared to the first nine months of 2014, one can notice a drop of approximately 11.72 percent in oil royalties, as a result of the fall in the reference price for the oil extracted in Romania, ANRM representatives claim.

“We point out that the situation concerning the oil and mining royalties for the whole 2015 will be clarified later in March, following the tallying of royalties owed in the fourth quarter, reported by companies, in line with legal provisions in force,” the report adds.


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