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Upstream sector in Romania

Press releases

Proposed changes to the onshore taxation regime hit the industry but also the prices on the Romanian market

The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) expresses its deep concern regarding the recent discussions held within the debates of the specialized committees of the Chamber of Deputies, regarding the tax on supplementary incomes obtained due to the deregulation of prices in the natural gas sector. Namely, on 27.11.2018, members of the Industries and Services Committee, together with those of the Budget, Finance and Banks Committee proposed to eliminate...

ROPEPCA has a new management

The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) announces the beginning of the term of the new leadership of the organization, following the elections held in early November The composition of the ROPEPCA Managing Committee will be ensured between November 2018 and November 2019 by Saniya Melnicenco (NIS Petrol) - President, Artur Stratan (Amromco Energy) - Vice President, Mark Wagley (Hunt Oil), Norbert Groeschner (OMV Petrom) and Michel Louboutin...

ROPEPCA CONTESTS THE LIMITATION BY G.D. OF THE PRICE FOR NATURAL GAS FROM DOMESTIC PRODUCTION

The Romanian Petroleum Exploration and Production Companies Association - ROPEPCA is deeply concerned about the draft Government Decision, whereby the executive wants to limit the domestically produced gas sale price from producers to suppliers to RON 55/MWh by 2021, under the pre-liberalization level of RON 60/MWh, motivating that, in the absence of such a measure, domestic gas will be increase to over RON 80/MWh in 2019. Domestic gas producers contest both the object of this...

Effective taxation in Romania increased to 17.4%, while the average in European states decreased to 8.8%

Bucharest, Romania: 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 made by Deloitte Romania reveals the fact that the average taxation of the industry- royalties level and similar taxes (supplementary tax on income as a result of liberalization of the natural gas prices, special...

Public position in relation to the NAMR order regarding the natural gas reference price

The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) stands against the NAMR Order approving the Methodology for establishing the reference price for natural gas extracted in Romania. According to this Order, the reference price for natural gas extracted in Romania will be calculated according to the trading prices of the hub from CEGH Vienna, based on a calculation formula made together with the Oil and Gas University of Ploiesti. The Romanian natural gas...

The truth about the payment of natural gas royalties

Bucharest, Romania : The Romanian Association of Petroleum Exploration and Production Companies (ROPEPCA) expresses its concern about the harsh and unjustified accusations brought more and more often in the public space against the Romanian natural gas producers, accusations that refer to the allegedly incorrectly paying royalties on natural gas. The members of the association consider that these allegations lack of any real substance and their apparition in the public space can be...

ROPEPCA Management Take Over

Bucharest, Romania, November 15 th , 2017 , the Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) is pleased to announce the appointment of a new management following the general elections that took place at the beginning of the month within the Association. Thus, for the next year, Harald Kraft, Country Manager for Stratum Energy Romania, takes over the role of ROPEPCA President from Mark Wagley, General Manager and Vice President for Hunt Oil Company of...

ROPEPCA welcomes the idea of the president of the Competition Council and considers that its unitary application would prevent introducing some distortions of competitive nature

Bucharest, Romania: The Romanian Association of Petroleum Exploration and Production Companies (ROPEPCA) welcomes the opinion of Competition Council President Bogdan Chiriţoiu, according to which the obligation to trade on the stock exchange, imposed on private operators, is not economically rational. More specifically, the President of the Competition Council told Agerpres on Monday 30 October that "the problem that we have in Romania is that the big electricity producers we have...

ROPEPCA REQUESTS THE MEMBERS OF THE PARLIAMENT TO CONSIDER ALL POINTS OF VIEW EXPRESSED IN THE PROCESS OF AMENDING THE LEGISLATIVE FRAMEWORK APPLICABLE TO THE OIL AND GAS INDUSTRY

Bucharest, Romania : At the end of the final vote in the Committee of Industries and Services of the Chambers of Deputies on the amendments proposed to Government Emergency Ordinance 64/2016 for adoption by law, the Romanian Association of Exploration and Petroleum Producing Companies (ROPEPCA) requests members of Parliament to make a decision to take into account the views expressed by all stakeholders, including industry representatives. ROPEPCA makes an appeal to wisdom and fairness...

ROPEPA CONGRATULATES ALL THE ROMANIAN OIL MEN ON THEIR DAY AND REMINDS THAT THE INDUSTRY CAN BE DEVELOPED ONLY ON THE BASIS OF A FISCAL PACKAGE THAT ENCOURAGES INVESTMENTS

Bucharest, Romania : From September 1990 onwards, on September 8, Romania celebrates the Oil Man’s Day, under the auspices of St. Mary, an initiative of the Petrom Free and Independent Trade Union Federation dedicated to oil industry staff, to those working in drilling, extraction, processing and oil research. Oil Man’s Day is the right time to remind the entire society of the contribution that tens of thousands of oil and gas producers have to the proper functioning of...

ROPEPCA LOOKS WITH GREAT CONCERN UPON THE RECENT ACTIONS CONCERNING THE LEGAL FRAMEWORK OF THE OIL & GAS INDUSTRY THAT ARE DISCRIMINATORY TO DOMESTIC PRODUCERS

The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) looks with great concern upon the recent amendments in Parliament aiming at changing the framework in which the oil and gas industry operates, increasing the tax rate from 60% to 80% for prices above 85 lei/MWh and making permanent a temporary tax foreseen by OUG 99/2016 have been approved and already voted by the Chamber of Deputies on June 13, 2017. Unpredictable and excessive changes to the fiscal...

EFFECTIVE TAXATION INCREASED BY 16.6%, WHILE OIL PRICES DROPPED BY HALF INTERNATIONALLY

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 under the coordination of Mr. Dan Bădin, Partener Coordonator Fiscal and Legal Services Deloitte România. The study reveals the fact that the average taxation of the industry- royalties...

ROPEPCA’s warning: Local hydrocarbons production yields to imports

Bucharest, Romania: The Romanian Association of Petroleum Exploration and Production Companies Association (ROPEPCA) draws attention to the most recent evolutions in the oil and gas market and calls for public policies that encourage maintaining oil and gas production in Romania. According to data recently published by the National Statistics Institute, Romania's gas imports last year rose last year by 629% compared with 2015, reaching 1.185 million tonnes of oil equivalent while gas...

ROPEPCA CONGRATULATES PERSONNEL OF THE PETROLEUM INDUSTRY ON THEIR BIRTHDAY AND REMINDS THE ROMANIAN STATE THAT ANY STATE POLICY OR ADMINISTRATIVE DECISION MAY HAVE SIGNIFICANT IMPACT ON ONE OF THE MOST IMPORTANT LOCAL INDUSTRIES

Bucharest, Romania: Dedicated to the personnel of the petroleum industry, those working in drilling operations, extraction, petroleum processing and exploration, the "Oil workers day" is celebrated since 1990 at the initiative of the Federation of Free and Independent Unions Petrom. Under the patronage of St. Mary, chosen as the protector of oil workers, the day is marked every year on September 8 th . The Oil workers day is the right time to remind the Romanian state of the contribution...

EACH EURO INVESTED IN OIL AND GAS INDUSTRY GENERATES A CONTRIBUTION OF 3.2 EURO IN THE OVERALL ROMANIAN ECONOMY

EACH EURO INVESTED IN OIL AND GAS INDUSTRY GENERATES A CONTRIBUTION OF 3.2 EURO IN THE OVERALL ROMANIAN ECONOMY Bucharest, Romania: The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) brings to media and public opinion’s attention the results of the study that analysis the multiplying impact of the investments in upstream onshore sector (oil and gas onshore exploration and production) in Romania. The study conducted by a team of experts from KPMG...

ROPEPCA IS SURPRISED TO RECEIVE THE NEWS OF THE INCREASE IN TRANSPORTATION TARIFF FOR DOMESTIC OIL.

Bucharest, Romania: The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) is surprised to receive the news of the increase in transportation tariff charged by Conpet Ploiesti for transportation services of domestic oil, gasoline, condensate and ethane, through the national pipeline. "I learned from the media that it was published in the Official Gazette the new order on the transportation tariff for domestic oil. We are surprised that the debate and the...

ROPEPCA WELCOMES THE INITIATIVE OF THE ENERGY MINISTRY TO RESUME THE DISCUSSIONS ON THE NATIONAL ENERGY STRATEGY

Bucharest, Romania : The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) welcomes the initiative of the Energy Ministry to resume the discussions, halted in 2015, regarding the National Energy Strategy and believes that this should be concluded following constructive consultations that include the industry’s representatives, as they are able to provide a detailed image of the sector (challenges, legal barriers, opportunities).  „We admit...

ROPEPCA WELCOMES DACIAN CIOLOŞ CABINET INVESTITURE

Bucharest, Romania: The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) welcomes Dacian Cioloş Cabinet investiture and expresses the hope that the new Government will prove a real pragmatic approach to national economic situation. ROPEPCA welcomes the statements of the new Minister of Finance who told during the hearings in the Parliament that "increasing public investment is one of the priorities" and expresses the hope that future public policies...

ROPEPCA - Beneficial policies for the O&G industry

ROPEPCA WELCOMES THE DECLARATION OF THE ROMANIAN SENATE’S PRESIDENT WHICH HIGHLIGHTS THE NECESSITY OF BENEFICIAL STATE POLICIES TOWARDS THE OIL & GAS INDUSTRY INVESTMENT PROJECTS Bucharest, Romania: The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) welcomes the declaration of the Romanian Senate’s President, Mr. Călin Popescu Tăriceanu, which highlights the necessity of focusing on the investment projects in the oil and gas industry...

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...

PNL Press Release: Meeting of PNL vicepresident Virgil Popescu with ROPEPCA representatives

The PNL vice-president Virgil Popescu carried out Wednesday, September 9, 2015, a meeting with the representatives of the Romanian Petroleum Exploration and Production Companies Association (ROPEPCA). READ MORE

ROPEPCA congratulates all Romanian oilmen on their anniversary

Bucharest, Romania: For over 25 years, September 8th has a deep meaning for the Romanian oilmen and their families – it is „Oilman’s Day”, celebrated, since 1990, at the initiative of the Federation of Free and Independent Trade Unions Petrom.  Under the patronage of St. Mary, chosen as the protector of oil workers, Oilman’s Day is dedicated to the petroleum industry personnel, to those working in drilling, extraction, processing and petroleum...

ROPEPCA DENOUNCES THE DISCRIMINATING TREATMENT TOWARDS THE ENERGY INDUSTRY

Bucharest, Romania: The Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) took note of the Parliamentary Parties’ agreement regarding the new Fiscal Code. The Association’s members salute the political agreement, which promises to guarantee the long term stability of the fiscal frame in Romania, regardless of the changes in Government and the electoral cycles. Also, the ROPEPCA members are surprised by and commiserate the discriminatory treatment...

The Coalition for the Development of Romania supports the implementation of fiscal measures to benefit Romania

At the moment this press release is only available in Romanian

ROPEPCA ANNOUNCES THE APPOINTMENT OF DANIEL APOSTOL AS SECRETARY-GENERAL OF THE ASSOCIATION

Bucharest, Romania: In a step complementing the overall desire of enhanced visibility and supporting its goals, the Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) announces the appointment of DANIEL APOSTOL as Secretary-General of the Association. "Daniel Apostol is a highly experienced journalist, who has been involved for many years in different ways in supporting the business environment in Romania. I am confident that his involvement in the association...

ROPEPCA reconfirms its availability to actively contribute to drafting a new law regarding the royalties in the Oil & Gas industry in Romania

12.03.2015 Romanian Petroleum Exploration & Production Companies Association (ROPEPCA) assures the Government of its contribution to drafting a new law regarding the royalties, which to mutually benefit the industry and the entire Romanian economy. Bucharest, România : ROPEPCA welcomes the declaration of Mr. Darius Vâlcov, the Minister of Finance, who promised that „the new law on royalties will be a result of the experts and those working in the...

ROPEPCA opens dialogue for the future of Romanian O&G industry

Romanian Petroleum Exploration and Production Companies Association – ROPEPCA has been officialy launched during Open Media Day. “Our mission is to provide a unified position for the onshore Upstream oil and gas sector in Romania as well as to increase the awareness on the industry and its importance and positive effects on the economy and the job market,” said   Tom Holst, President of ROPEPCA . During the first meeting with the press, the members of the...

ROPEPCA Opens a Dialogue on the Challenges of Oil and Gas Production

ROPEPCA is a not-profit professional association, established in Bucharest, on November 2012, currently consisting of 14 members, welcoming the membership of all oil and natural gas exploration and production companies. The current members of the association are both small and medium businesses and large integrated companies, operating on both the local and the international markets. ROPEPCA is the only organisation of this kind and represents the single voice of the oil and...

INTERNATIONAL NEWS

Argentina announces...

Argentina’s state-controlled energy company YPF and Malaysia’s Petronas are forming a joint venture to invest USD2.3 billion over the next four...

US: Marathon Oil...

Marathon Oil has announced encouraging early production results at an important four-well Middle Bakken pad in the Company's Ajax area of the...

UK: Cuadrilla halts...

The Oil & Gas Authority (OGA) reports that hydraulic fracturing operations at Cuadrilla's Preston New Road site are currently paused following a...
LOCAL NEWS

Romania limits its GHG...

Greenhouse gas emissions from human activity contribute significantly to global warming, and the...

We released the 21st...

The 21st edition of energynomics.ro Magazine was launched on Wednesday, December 5th, within the...

Robots taking over!

Robots in industry are by no means something new. So why should we bring it up again? We do it...
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