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Upstream sector in Romania

The PNL Group of the Chamber of Deputies organized a meeting with the O&G representatives

The PNL group of the Chamber of Deputies held Tuesday, 29 September, a consultation with the representatives of the operators in the oil industry, from all three associations in Romania: the Romanian Petroleum Exploration and Production Companies Association (ROPEPCA), the Romanian Black Sea Titleholders Association (RBSTA), the Oil and Gas Employers' Federation (FPPG).

The dialogue between PNL and the above mentioned organizations has led to the establishment of principles and policies formulated by the Liberal Party in the Government Program that the liberals have already launched.

This round of consultation strengthened the partnership and contributed to the finalization of sectoral policies in the field. Among the legislative priorities identified are substantial changes on the Petroleum Law, the Law on energy and gas, as well as other interventions on the legal framework leading to more efficient, less bureaucratic and more flexible work oil industry. We all want stability, predictability and adequacy of the legislative and institutional requirements free market.

The meeting allowed the discussion of hot issues for the economic future of this area, currently disadvantaged by the Government's decisions to postpone crucial decisions such as the tax regime applicable to this industry.

The participants present at these discussions appreciated PNL's openness to debate these issues and contributed to identifying solutions together.

Both sides agreed on some important issues concerning the need to create a stable, predictable and transparent environment, given that these companies can bring added value to the Romanian economy - translated into investment, jobs and budget revenues.

A legitimate request from the organizations present at the debate and a focus of liberal energy policy refers to the National Energy Strategy - a key document for the energy sector to be adopted and taken urgently by the Government. The role of this strategy represents our vision as a country for the next 20-30 years, aiming to provide this sector the safety it needs. Liberals believe that such a national project is to be respected and applied no matter who is governing.

The National Liberal Party believes that only such regular consultations can substantiate coherent and sustainable policies for the future challenges of this sector and transform Romania into an attractive country for investors.

Alongside the parliamentary group leader of the Chamber of Deputies, Mr. Eugen Nicolaescu, the meeting was attended by deputies and representatives of the specialized commissions of PNL: Andreea Paul, Virgil Popescu, Lucian Bode, Mugur Cozmanciuc, and Razvan Gheorghe IalomiĊ£ianu Mironescu.

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