The National Agency for Mineral Resources (NAMR) is responsible for granting licences and regulating Romania's oil and gas industry. Under Romania's Oil Law, all subsoil oil and gas belongs to the Romanian state and exploration and extraction rights are granted through concession agreements with NAMR. Romania does not offer production-sharing agreements. The president of the Romanian Mineral Resources Agency has said the country will need to introduce rules and regulations to govern the creation of a shale gas sector. The government is hoping to develop the unconventional source to help reduce imports of Russian gas. Currently there is no licensing regime specific to shale gas, and we believe, due to greater potential in the Black Sea, progress on shale developments will take more time.

Key View

SWOT

Oil & Gas SWOT 

Industry Forecast

Upstream Exploration

Upstream Projects 

Upstream Oil Production

Upstream Gas Production

Refining

Refined Fuels Consumption

Gas Consumption

Oil Trade

Gas Trade

Industry Risk/Reward Index

CEE Upstream Oil & Gas Risk/Reward Index

Downstream Oil & Gas: Outperformers Defined By Capacity, Healthy Demand 

Romania Upstream Oil & Gas Risk/Reward Index

Romania Downstream Oil & Gas Risk/Reward Index

Market Overview

Energy Market Overview

Oil & Gas Infrastructure

Competitive Landscape

Company Profile

OMV Petrom

Lukoil 

Regional Overview

CEE Oil & Gas Overview 

Oil & Gas Glossary

Oil & Gas Methodology