Tag: royalties

Romania considering taking in-kind royalties from oil and gas companies – Romania, 22 January 2020

Romanian Government is considering amending the oil and gas law in order to accept in-kind royalties from oil and gas companies for the concession contracts, at least for the offshore perimeters. The state could use the natural gas thus obtained for supplying vulnerable consumers or state-owned c Full article available for subscribers of Energy NEWS […]

Oil royalties paid by OMV Petrom increased by 4 % due to new regulations – Romania, 02 August 2019

CFO of Romanian oil and gas company OMV Petrom Alina Popa said that the oil royalties paid by the company increased by about 4 % as a result of a new regulations published in May, linking the reference price to Brent oil, with some quality adjustments. Regarding the reference price for natural ga Full article […]

Romanian companies to pay royalties according to Brent barrel on LSE – Romania, 10 May 2019

According to an order of the National Agency for Mineral Resources (ANRM) published in the Official Gazette, companies that extract oil in Romania will pay royalties to the state budget according to the Brent barrel quotation on the London Stock Exchange (LSE). The order states that it is conside Full article available for subscribers of […]