One billion euros investment needed to maintain current oil production levels – Romania, 8 July 2016

According to the Romanian Petroleum Exploration and Production Companies Association (ROPEPCA), investments in the amount of one billion euros are needed in order to maintain the current level of oil production in the country.
The Association stressed that without investments, Romania will run out of oil in 12 and natural gas in just nine years. Currently, the country’s output suffers a natural annual decline of some 10 %.

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