The Romanian government has adopted measures to rebalance the relationship with OMV Petrom, including increasing royalties and assuming environmental responsibilities by the company.
Radu Burcă
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Economy
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The Romanian government recently adopted a resolution to rebalance cooperation with OMV Petrom for a period of 15 years, establishing a principle agreement aimed at strengthening the country's energy independence. Among the results obtained in negotiations are a 40% increase in royalties for oil and gas, the assumption of environmental responsibilities by OMV Petrom, and the company's withdrawal from litigation against the Romanian state. Prime Minister Ilie Bolojan emphasized the importance of this agreement for ensuring a predictable energy market and for increasing state revenues. Additionally, Romania will extend the exploration period of the Black Sea perimeter by two years and will extend the exploitation licenses by 15 years. OMV Petrom will commit to respecting national interests and competition principles, and the details of the agreement will be published in the next two months.
Sources
Confirmare – Guvernul reechilibrează parteneriatul cu OMV Petrom: redevențe majorate cu 40% și renunțarea la litigii, pentru consolidarea independenței energetice a României
Guvernul a aprobat noul cadru de colaborare cu OMV Petrom. Redevențele cresc cu 40%, iar compania renunță la litigii
Bolojan: Am reușit ca, după 20 de ani de la semnarea contractului inițial, să reechilibrăm cooperarea cu OMV Petrom pentru următorii 15 ani
Guvernul a renegociat contractul cu OMV Petrom. Redevenţele pentru petrolul şi gazele extrase din România vor crește cu 40%
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