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Upstream sector in Romania

Industry reports

An overview on royalties and other taxes - 2016

The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA)  brings in the attention of the public opinion the results of a study analyzing the development of effective taxation applied to oil and gas industry in Romania . The study was conducted by Deloitte Romania for 2016. Download the study in PDF format. Source: Deloitte Romania

An overview on royalties and similar taxes

The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA)  bring in the attention of the public opinion the results of a study analyzing the development of effective taxation applied to oil and gas industry in Romania . The study was conducted by a team of experts from Deloitte . Download the study in PDF format. Source: Deloitte.com

Romanian Energy Strategy 2016-2030, with perspectives for 2050, revised version after public consultation

The Romanian Energy Strategy 2016-2030, with perspectives for 2050 was finalised. The document is available in PDF only in Romanian. Sursa: www.energie.gov.ro

Romanian Energy Strategy 2016-2030, with perspectives for 2050

The Ministry of Energy launched for public consultation, on 15th November 2016, the Romanian Energy Strategy 2016-2030, with perspectives for 2050. Download the Executive Summary of the document. Source: www.energie.gov.ro

KMG Internationa - Economic Impact Assesment

NC "KazMunayGas" JSC (KMG) is the natiional operator for exploration, production, refining and transportation of hydrocarbons in Kazakhstan, with operations in Europe and Central Asia.  KMG entered the Romanian market in 2007, through the acquisition of Rompetrol Group N.V, later renamed KMG International N.V. KMGI's activities in Romania accounted for 1% to 1.2% of the national Gross Domestic Product (GDP) in the period 2013-2015. Download the complete study in PDF format....

FPPG initiated a the elaboration of a project on the constitutionality of introducing a supplimentary profit tax applicable to petroleum operators / titleholders of petroleum agreements in the upstream sector in Romania.

FPPG initiated a the elaboration of a project on the constitutionality of introducing a supplimentary profit tax applicable to petroleum operators / titleholders of petroleum agreements in the upstream sector in Romania. This suplimentary tax on profit ("IPS") would be introduced under a law on the taxation of petroleum and mining sector, currently in draft form. Download the analysis in PDF. Source: www.fppetrolgaze.ro

Report of the Oil and Natural Gas working session

Report of the Oil and Natural Gas  Working Session (March 11th 2016) , the stage of qualitative analysis of the development of the Energy Strategy of Romania from 2016 to 2030 , with 2050. Download the report in PDF. Source: www.energie.gov.ro

Impact of the onshore upstream oil and gas industry on the Romanian economy

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...

Energy companies propose themselves as a dialogue partner for the public authorities

The update of the national energy strategy has entered a new phase along with the Ministry of Energy’s decision to hand over this task to a consulting company, which it will select in the following period. Not a bad idea, believes Martin Zmelik, CEO and country manager of CEZ Romania, as the consulting expertise, including other European economies, can bring added value to this document. For most representatives of the energy industry, even more than the document itself, it is...

Observation on royalties and similar taxes - DELOITTE Study on the Oil and Gas Upstream sector in Europe (Sept 2015)

Upon request of the  Oil and Gas Employers’ Federation (OGEF) , Deloitte performed a study where they analyzed the actual royalties and similar taxes as a percentage of revenues observed in exploration and production of oil and gas (”upstream”) in Europe. This is the updated study, available September 2015. Background and methodology Fiscal and regulatory framework plays an important role in the overall economics of oil & gas...

ELEMENTS OF AN OPTIMAL FISCAL REGIME FOR ROMANIA’S OFFSHORE SECTOR

EPG Policy Paper June 2015 The Energy Policy Group (EPG) organized on 21 May 2015, with the support of the Romanian Black Sea Titleholders Association (RBSTA) , a roundtable on The Romanian Offshore Petroleum Fiscal Regime . Participants included representatives of relevant public institutions (the Romanian Government, the National Agency for Mineral Resources, the Romanian Parliament), representatives of RBSTA member-companies, fiscal and legal consultants, academia and specialized...

The Oil and Gas Industry in Romania: Tradition and Strategic Opportunity

  December 2014 Report - available only in Romanian Radu Dudau Energy Policy Group

Observation on royalties and similar taxes - DELOITTE Study on the Oil and Gas Upstream sector in Europe (Feb 2015)

Upon request of the Oil and Gas Employers’ Federation (OGEF) , Deloitte performed a study where they analyzed the actual royalties and similar taxes as a percentage of revenues observed in exploration and production of oil and gas (”upstream”) in Europe. Quote OGEF: “During the public talks on fiscal system on Oil & Gas, there were some opinions that the system in Romania should be in-line with European average level. We wanted to see what the level of this...

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