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6 Pages

Romania’s oil and gas taxation: challenges and prospects


Romania’s oil and gas taxation: challenges and prospects

Report summary

Major changes to Romanian oil and gas taxation could be introduced in early 2017. These changes are driven by the offshore Black Sea discoveries, domestic gas market deregulation and a need to revive the mature onshore. We believe two separate fiscal regimes should be developed – one for the onshore, and one for the offshore. Both need to be competitive, flexible and stable to incentivise long-term investment. However, falling hydrocarbon prices posed a dilemma for the government at this critical moment, as the government also needs to stabilise the state budget revenues.

What's included?

This report includes 2 file(s)

  • Romania’s oil and gas taxation: challenges and prospects PDF - 359.38 KB 6 Pages, 0 Tables, 7 Figures
  • Romania's oil and gas taxation - challenges and prospects.xls XLS - 220.50 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive summary
  • Tax stability has benefited hydrocarbon production in Romania
  • Domestic gas price liberalisation ended tax stability
  • A hard decision ahead
  • What could be the options?
    • Deepwater
    • Onshore
  • A new fiscal system could help Romania achieve several strategic goals

In this report there are 7 tables or charts, including:

  • Executive summary
  • Tax stability has benefited hydrocarbon production in Romania
    • Romania's hydrocarbon production and tax share
  • Domestic gas price liberalisation ended tax stability
  • A hard decision ahead
    • Romania's hydrocarbon taxes
  • What could be the options?
    • Romania's remaining oil and gas reserves
    • Deepwater Black Sea and Caspian Sea regimes: Split of revenues - Gas
    • Romania’s oil and gas taxation: challenges and prospects: Image 5
    • Selected onshore Europe regimes: Split of revenues - Oil
    • Selected onshore Europe regimes: Government share of pre-tax cash flow - Oil
  • A new fiscal system could help Romania achieve several strategic goals
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