On the occasion of the Day of the Petrolist, FPPG has the honor to thank once again the tens of thousands of people dedicated to this industry, with whose effort and responsibility the beautiful story of hydrocarbon development in Romania is still being written.
The Oil and Gas Employers' Federation continues to strengthen its position as the representative of the oil and gas sector by welcoming Stratum Energy, a renowned upstream company, to its membership. Thus, both local and foreign investors, small and large producers, continue to find their voice in relation to the Romanian authorities through the activity of the FPPG.
”The Oil and Gas Employers” Federation is making its voice increasingly heard and is strengthening its position in relation to the authorities by representing a growing number of members. Our common voice is essential for the hydrocracking industry and we need it all the more now, when we are facing numerous overlapping crises, challenges such as the energy transition, the role of gas in the fuel mix in Romania and new regulations aimed at the free market. Together with another one of the most respected companies on the Romanian oil and gas market and promoting the same climate of cooperation, the federation will strongly support the proposed measures for economic recovery, closely linked to encouraging domestic production of natural resources.", says Catalin Nita - Executive Director of FPPG.
The energy sector influences the entire international society, and in the context of the European energy crisis, Romania can strengthen its privileged position as a natural gas producer and exporter. The development of the energy sector can only be achieved through legislation that stimulates investment in the exploration and production of resources, by diversifying the natural gas market, increasing the competitiveness and efficiency of the energy sector, while taking care to offer the best conditions for end consumers. The action plan undertaken by the federation, through the support and active involvement of its members, aims to better align public policies with the need to develop the oil and gas sector both onshore and offshore.
Stratum Energy is a US-based exploration and production company founded in 2005. The company has started production of natural gas, condensate and crude oil by exploiting oil fields in the Poduri area, Moinești block, supporting the development potential of the area.
”The gas we continue to produce will help the country move closer to its goal of energy independence. This is more relevant than ever given the current turmoil in Eastern Europe, and we believe the work we are doing is essential to increasing stability in the region. We are delighted that Stratum Energy is able to be not only an active contributor to Romania's energy security, but also a core member of the FPPG”, said Zachary Ullah, COO of Stratum Energy Romania LLC.
The Oil and Gas Employers” Federation (FPPG) is established on the basis of the Social Dialogue Law no. 62/2011, is representative at the level of the ”Energy, Oil and Gas and Energy Mining" sector and, through its affiliated companies, represents over 95% of the domestic production of oil and natural gas, the oil and natural gas transportation sector, the natural gas supply sector as well as a significant part of the refining, marketing and distribution of petroleum products in Romania.
The FPPG constantly supports the principles of stability, predictability and competitiveness of the legislative framework applicable to the energy sector in Romania, as well as the responsibility of the companies in the sector in terms of safety, health and security of operations and personnel.
FPPG is a founding member of the Concordia Employers' Confederation, the only Romanian employers' confederation affiliated to the International Organization of Employers - IOE and Business Europe - BE.
For further details, please write to the federation - office@fppg.ro
