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81 new news items in the last 24 hours
27 October 07:12

The company ADX Energy Panonia, controlled by British and Australian investors, is in conflict with the Romanian authorities after the expiration of the exploration phase of the Parba oil perimeter, in Timiș County.

Ana-Maria Tapescu
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Current Affairs
Foto: pixabay.com

ADX accuses regulatory delays and access restrictions that have hindered its activity, while the National Agency for Mineral Resources is demanding over 4 million euros for unmet obligations. Although ADX has invested over 10 million euros in exploration, it has faced difficulties in accessing promising areas due to urban expansion and opposition from landowners.

The company intends to contest the bills issued by the authority and reserves the right to seek compensation for significant financial losses. This situation could lead to a costly litigation between ADX and the Romanian state.

Sources

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Ziare.com
România riscă un litigiu de milioane de euro cu o companie internațională, pentru o exploatare petrolieră a unui perimetru din vestul țării. De la ce a pornit conflictul
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ULTIMA ORĂ Revoltă și amenințări fizice. România poate ajunge într-un litigiu de milioane de euro pentru zăcăminte de țiței și gaze din vestul țării, concesionate de anglo-australieni
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Profit.ro
ULTIMA ORĂ Revoltă și amenințări fizice. România poate ajunge într-un litigiu de milioane de euro pentru zăcăminte de țiței și gaze din vestul țării, concesionate de anglo-australieni

ȘTIRI PE ACELEAȘI SUBIECTE

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The International Dispute Resolution Center rejected Romania's request to terminate the proceedings initiated by Eurohold Bulgaria and Euroins.
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OMV Petrom recorded a net profit of 3.4 billion lei in the first nine months, down 13% compared to last year.
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ADX Energy Panonia dispute The Romanian State delays

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