ECONOMY

Romania imports over 1.21 million toe of crude oil, Jan. – Feb. 2017

In the first months of 2017 Romania imported crude oil amounting to 1.211 million tonne of oil equivalent (toe), higher by 92,800 toe (8.3 percent) compared to the volume imported in the same period of 2016, according to the data centralized by the National Institute of Statistics (INS).

The crude oil production totalized 562,900 toe, being lower by 4.8 percent (28,500 toe) compared to the one in the similar period of 2016.

According to the Energy Strategy project, published on the website of the Energy Ministry, the crude oil production is estimated to continue its slow descending trend between 2030 and 2050, from 22 to 13 TWh (1.93 to 1.15 million toe).

In an ambitious decarbonisation scenario, small oil prices are factored in that should bring crude oil production at a crossroads in 2035, after which a sudden fall toward zero should be expected.

Related posts

ICCJ dismisses KMG International and Oilfield Exploration challenges to DIICOT lien on Rompetrol assets

Nine O' Clock

President Iohannis at the General Assembly of the Association of Communes: In the modernization program, the Romanian village is an essential component

NINE O'CLOCK

Sebastian Metz, General Manager of the Romanian-German Chamber of Commerce and Industry (AHK Romania): Romania is an emplacement for investments with a promising future

Nine O' Clock