In 2017, the oil and gas extraction index rebounded from the slump in 2016. The country’s natural gas production increased in volume terms by 7.3% y/y in 2017, whereas crude oil output volumes were reduced by 5.8% y/y. Value wise, the production of crude oil and natural gas surged cumulatively by 13% y/y to RON 12.9bn on the price increase of energy commodities on the global markets. In 2016, natural gas producers in Romania scaled back output volumes due to intensified competition from imported gas as import prices fell below domestic gas prices. However, in 2017, the oversupply condition on the European gas markets eased, prices rose and the Romanian companies ramped up production volumes again.

01 EXECUTIVE SUMMARY 

02 SECTOR IN FOCU

03 COMPETITIVE LANDSCAPE 

04 COMPANIES IN FOCUS

05 REGULATORY ENVIRONMENT

06 CRUDE OIL 

07 PETROLEUM PRODUCTS

08 NATURAL GAS