The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) brings to the public opinion’s attention the results of the study "Impact of the onshore upstream oil and gas industry on the Romanian economy" that analysis the multiplication effect of the onshore upstream investments in Romania.
The study reveals that an investment of 1 billion Euro in the onshore oil and gas exploration and production industry generates a significant direct and indirect impact on GDP, on the number of jobs and tax contributions to the state budget. In addition, through the chain of interdependence, these effects are propagated in other economic sectors, generating also a considerable induced impact. Specifically, an investment of 1 billion euros translates into a contribution of 3.2 billion in GDP and approximately 45,900 new jobs created or maintained in the economy, representing approximatively 15.000 jobs during the year of the investment and an average of 3000 new jobs yearly during the next 10 production years.
Donwnload the complete study in pdf.