Daniel Apostol, Director of External Relations of the Federation of Oil and Gas Employers (FPPG), gave us an interview during the first edition of the ENERGY FORUM, organized by Financial Intelligence.<\/p>\n\n\n\n
\u201cAll companies that are involved in the development of investment projects in the Black Sea subsoil have an interest in operating as soon as possible.\u201d.<\/p>\n\n\n\n
\u201cAny investment program put on hold brings no benefit to the investor, firstly, and, secondly, it brings no benefit to the country whose natural resources should be exploited.\u201d.<\/p>\n\n\n\n
\u201cFrom the companies involved in the Black Sea projects we have, for the time being, some reserve signals\u201d.<\/p>\n\n\n\n
\u201cWe in the FPPG are still analyzing the possible impact and the real impact of GEO 114\u201d.<\/p>\n\n\n\n
\u201cWe've done independent analysis and we've come up with substantial amounts on the impact, not only on the industry, but also on the budget. Quite the opposite of what this ordinance would have tried to do - to raise revenue in the budget area.\u201d.<\/p>\n\n\n\n
\u201cThe biggest impact of GEO 114 will be on investments\u201d.<\/p>\n\n\n\n
\u201cInvestment projects are the ones that suffer. That means we all suffer. The company that had an investment program and blocks it loses both operationally and profitability. On the other hand, an investment program also means jobs created, revenue for the company, but also budget revenue.\u201d.<\/p>\n\n\n\n
\u201cNot making investment programs means demolishing national energy security.\u201d<\/p>\n\n\n\n
\u201cGEO 114 could not have been drafted otherwise than in the absence of an impact study and a sound judgment of what is desired and what will be achieved.\u201d<\/p>\n\n\n\n