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At European level, each country operates a specific tax regime for the oil and gas industry. This consists of royalties or other specific taxes, together with certain rates of corporate income tax applicable to economic operators. In order to present a comparative...

According to the World Energy Council, the notion of sustainable energy translates into three main elements: energy security, energy equity and a sustainable environment. By harmonizing these three elements (Energy Trilemma), the basis for prosperity and competitiveness in each country is laid. We find out...

The oil and gas industry in Romania has an impressive history, with mature oil fields, thus making a significant contribution to the national economy (in terms of GDP and number of employees). It also generates additional benefits...

In the context of the possible introduction of an additional profit tax, the FPPG has called for an analysis of the constitutionality of the introduction of an additional profit tax (IPS) on holders of petroleum agreements. On the premise that the GST is...

We always keep in mind that every deposit is different. This exercise, deliberated by the FPPG and explained by Deloitte, is a concrete overview of the main components that make up the oil and gas tax regimes...

This document summarizes the discussions held during the round table entitled "The oil tax regime in the Romanian offshore sector". Following the event organized by the Energy Policy Group in collaboration with the Romanian Association of Offshore Concessionaires in the Black Sea (ARCOMN), recommendations were formulated, based on the data and arguments presented, for policy makers from the Government, the National Agency for Mineral Resources (ANRM)...

Given the recent strong support from the European Union for the interconnection of gas markets in the region and the construction of a regional gas hub, but also because changes can still be made to European plans, Romania must...