New Market Study Published: Romania Oil & Gas Report Q1 2013
BMI View: The exploration efforts of ExxonMobil and OMV Petrom in the Black Sea could signal a turning point in Romania's upstream prospectivity, helping reduce dramatically the country's gas import dependency from around 2018. IOC interest in Romania is now on the rise and, if exploited by the government, could result in much higher investment levels. Given the shale gas moratorium, the Domino discovery has taken on still greater significance.
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