09.04.2018

more

10.05.2015

Mining royalties will increase but offshore oil royalties could decrease because such activities require large investments, Energy Minister Andrei Gerea stated Monday. more

12.03.2014

The royalty system for the oil industry will remain unchanged next year and changes will be considered afterward, minister-delegate for the Budget Darius Valcov said Wednesday. more

06.04.2014

The new royalties for oil and gas production will not face a dramatic increase according to the new legislation, but will be differentiated based on the type of deposit, Gheorghe Dutu, head of the more

06.04.2014

Romanian Prime Minister Victor Ponta Wednesday stated that the government is working with the World Bank experts on a system of differentiated royalties for onshore and offshore exploitations, adding more

04.24.2014

Romania's minister-delegate for energy Razvan Nicolescu said Thursday a decision on new royalties for oil and gas should be made after the presidential election at the end of this year. more

01.14.2014

Petrom and Romgaz, the largest hydrocarbon producers in Romania, paid royalties of some 500 million lei (EUR115 million) to the state budget in the first six months of 2013, according to data provided more

01.06.2014

The Romanian state and oil and gas producer OMV Petrom (SNP.RO) are bracing for tough negotiations in 2014 over the royalties charged for Petrom’s oil and gas, Petrom and Exxon will drill their more

11.04.2013

Romanian Prime Minister Victor Ponta on Monday said the government will increase the royalty rates levied on mineral resources other than natural gas and oil in a move to boost revenues to the state more

10.15.2013

The level of oil and natural gas royalties to the state budget is not sufficient and will be renegotiated at the end of next year, said Gheorghe Dutu, president of the National Mineral Resources more

09.18.2013

The ten-year contract between oil and gas company OMV Petrom (SNP.RO) and the Romanian state on royalties expires in 2014 and the question is what the new royalties will be, after the renegotiation of more

09.17.2013

The taxation system for hydrocarbon production in Romania is adequate and requires no amendments, consultancy and tax audit firm PricewaterhouseCoopers (PwC) Romania said Tuesday. more

08.08.2013

Romania’s state budget for 2014 is built on 2.2% growth, Minister-delegate for Budget Liviu Voinea said, adding that the Government is seeking to lower social security contributions and increase more

04.04.2013

Romania’s taxation system for shale gas and gas extracted from Black Sea blocks might differ from that currently applied for conventional gas, if the country has such gas resources and begins more

01.31.2013

Romania’s government wants to increase the royalty rates levied on natural gas and oil producers earlier than the 2015 deadline agreed with Austria’s OMV nine years ago, when the latter bought the more

01.21.2013

Companies that exploit and extract natural resources other than natural gas in Romania will pay a special tax of 0.5% of their revenue, which will be applicable between February 2013 and December more

12.14.2012

Romanian mineral resources agency ANRM estimates it will collect royalties amounting to EUR24.3 million in the next 20 years from five companies which exploit natural mineral water, clay and diorite more

05.18.2012

Romania will maintain its current royalty rates for oil and gas companies unchanged until 2015, Economy Minister Daniel Chitoiu said Friday. more

05.13.2012

The Romanian Government will announce new royalty rates in the energy sector by the end of June, Prime Minister Victor Ponta said Sunday. more

04.05.2012

The Romanian authorities are contemplating raising oil and natural gas royalties or increasing the taxes levied on gas and power producers once the administered prices are deregulated, government more

03.30.2012

The future owner of Romanian mining company Cupru Min Abrud will pay 4% royalties on the extraction of nonferrous ores and will not be exempt from paying higher royalties later through a special more

03.30.2012

The ordinance increasing royalties on the mining of ferrous and nonferrous ores, gold, platinum and silver, and the transport of oil was read by Romania's Government at the end of last year, but not more

03.02.2012

Lucian Bode, the man who has been running the Economy Ministry for about three weeks, overseeing the most valuable state-owned companies in Romania, says in his first media interview that one of the more

12.29.2011

Canada-based Gabriel Resources is waiting for Romania’s Government to explain if its decision to increase royalties on precious metal extraction from 4% to 8% will also target the Rosia Montana gold more

12.27.2011

Romania's Government might double the royalties on gold, silver and platinum extraction, from 4% to 8% of the value of production, and increase royalties on other mineral products, such as coal and more