Prime Minister Ilie Bolojan stated that the Government of Romania has concluded a 15-year agreement with OMV Petrom, which provides for a 40% increase in the royalties paid by the company. This collaboration rebalances the relationship between the government and OMV Petrom, after 20 years since the signing of the initial contract, and aims to support Romania's energy independence. The agreement also includes the assumption of environmental responsibilities by OMV Petrom, the renunciation of lawsuits against Romania, and the extension of contract durations.
The Prime Minister emphasized that all provisions will be transposed into legal acts within the next two months, thus ensuring a predictable energy market and fair revenues for the state, while OMV Petrom will continue to invest and develop in the regional market.
Sources