Last Update: July 25, 2015
Dated September 24-25, 2013, and from the Balkans Oil and Gas Conference in Athens.
The focus is on the Oil and Gas market in Romania, and was presented by a member of the Romanian Energy Center. There’s a lot of details – this is meant for oil industry and government planners.
The picture above is the breakdown of “energy” consumption by fuel type in Romania.
This chart shows that Romania is way past its peak of oil production. Romania was one of the first countries in the world to have commercial oil production. Romania's oil fields in Ploiesti used to be so important that Nazi Germany in WWII went out of its way to invade and conquer Romania, because of its oil supplies.
During 2013 they began privatizing “State Owned Energy Companies”, that were still in existence from the Communist era, and gave a green light to hydraulic fracturing (a.k.a. “exploration of unconventional resources”).
The country is beginning the process of deregulating (liberating) the electricity market. God help them!
New discoveries in deep water Black Sea promise lots of new oil and gas resources. They don’t know what to expect from exploring unconventional gas resources (hydraulic fracturing in shale gas). Between the two they’re expecting big things for Romania, that the country could return to a status of natural gas exporter, etc.
Romania’s Oil and Gas Framework: 2013 highlights. At one time this was available for download via