Tag: hydrocarbon

President Iohannis sent offshore hydrocarbon law back to Parliament – Romania, 2 August 2018

Romanian President Klaus Iohannis has asked the Parliament to re-examine the controversial offshore hydrocarbon law, which sets the rules for offshore oil and gas exploitation in the Black Sea. President Iohannis said that the draft has to be re-examined by the Parliament from the perspective of the legal stability and predictability on the long term. […]

Chamber of Deputies adopted offshore hydrocarbon law – Romania, 10 July 2018

The Romanian Chamber of Deputies adopted the offshore hydrocarbon law, which sets the rules for offshore oil and gas exploitation in the Black Sea. The law imposes progressive taxes on operators for additional incomes from the sale of gas produced in the Black Sea, applied depending on the price of gas. It also provides that […]

Bulgaria to launch hydrocarbon exploration tender for Tervel offshore block – Bulgaria, 10 July 2018

Bulgarian Ministry of Energy said that it is preparing to launch oil and gas exploration and exploitation tender for Tervel offshore block in Bulgarian part of the Black Sea. The statement was published following the meeting of Minister of Energy Temenuzhka Petkova and Xavier Faugeras, General Manager of Total Exploration & Production Bulgaria, the company […]