The analysis looks at the oil and gas sector in Romania and assesses the economic impact that an investment of EUR 1 billion in the onshore upstream segment would have on the Romanian economy
Introduction and key highlights on the onshore upstream oil and gas industry in Romania:
- Romania has over 160 years of history in the oil and gas production, highlighting the industry's long-standing importance and its continued contribution to national economic growth and development
- The oil and gas exploration and production industry makes an important contribution to ensuring national energy security by reducing dependence on imports
- Industry’s capital-intensive nature attracts substantial investments, driving technological advancements and enhancing production efficiency
- The oil and gas industry in Romania plays a critical role in the country’s economy by contributing significantly to the increase in GDP, employment indicators, and the revenues to the state budget
Introduction and key highlights on the impact study
The impact study assesses the impact that an investment of EUR 1 billion in the onshore upstream segment of the oil and gas industry in Romania would have on the national economy and has been elaborated at the request of Federatia Patronala a Energiei (“FPE”).
Impact on other areas is not part of the study (e.g., ESG, competitors, other countries).
