Continued delays to Romania’s petroleum drives uncertainty, deters investment

04 May 2017, Sweetcrude, Houston — Romania’s multi-year delay in introducing new royalty legislation, combined with annual extensions to hydrocarbon windfall taxes implemented alongside price liberalization, has contributed to ongoing uncertainty in the country’s upstream sector. Although successive governments have attempted to introduce legislation on a new royalty framework since 2014, when a 10-year stability […] More »