Surprise: The Industry Commission fears that the version of the Offshore Law voted in plenary will save the Black Sea operators from over-taxation and Romania will lose 15 billion dollars

Members of the Chamber of Deputies’ Industry Committee fear that Romania will lose $ 15 billion, in their opinion, the form of the amendment voted in plenary, which should have ensured the stability and predictability of the tax regime applicable to offshore operators in the Black Sea, not imposing tax freezing over the entire exploitation period, but the exemption from over-taxation promoted by the Offshore Law. In this regard, the members of the Commission have already sent 3 addresses to the Permanent Bureau, in today’s meeting deciding to write a fourth address. The response of the Permanent Bureau has so far been a negative one, urging it to initiate a legislative project to amend the newly passed law, says Commission President Iulian Iancu.

Source: Profit

Transgaz resumed the capacity reservation on the pipeline that will take off the gas from the Neptun Deep offshore perimeter. Massive gas pipeline construction contract

Transgaz, the operator of the national natural gas transmission system, resumed the procedure for testing the demand from potential gas buyers to be extracted from the Black Sea Neptun Deep Offshore Perimeter, leased by ExxonMobil and OMV Petrom, for economic justification the investment in the Tuzla-Podişor pipeline project, which will take away the extracted gas from the respective perimeter and introduce it into the national system. This is the second incremental process of Transgaz’s capacity for the pipeline project. The first one ended unsuccessfully.

Source: Profit, Economica, E-nergia

One of the leading people in MOL Romania, a business of 1.2 billion euros, left the company. Who took his place?

Currently, MOL arrives in Romania on a network of 218 stations, according to the latest information provided by the company. Cătălin Constantinescu, one of the members of MOL Romania’s leading team responsible for commercial sales of fuels and logistics, left the company, his place being taken by Béla Petrik, who held several positions within the Hungarian oil group.

Source: Ziarul Financiar

European Parliament gives the go-ahead for Romania, Bulgaria to join Schengen

The European Parliament has give its go-ahead on Tuesday for Romania and Bulgaria to join Schengen free zone, without being linked to the Cooperation and Verification Mechanism report. MEPs have approved the report by 514 votes to 107 and 38 abstentions. After today’s vote in the EP, the Council of the European Union will have the final call on that. The LIBE committee has reiterated in early November this year the recommendation addressed to the ministers of the EU member states to quickly green-light Romania’s and Bulgaria’s accession to the Schengen space, as fully-fledged members.

Source: Romania Journal