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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.
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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
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This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
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Insight | Oct 2016
Romania’s oil and gas taxation: challenges and prospects
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