"Romania Oil & Gas Report Q3 2013" Published
The exploration efforts of ExxonMobil and OMV Petrom in the Black Sea could signal a turning point in Romania's upstream outlook, helping reduce dramatically the country's gas import dependency from around 2018. International oil company (IOC) interest in Romania is now on the rise and, if exploited by the government, could result in much higher investment levels. Romanian Prime Minister Victor Ponta ha said that he supports shale gas exploration in the country, bringing hope to Chevron and other IOCs...
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