Romania Oil & Gas Q4 2018
Key View :
Investment into exploration and production is waning as major offshore drilling programmes have concluded, thoughwe expect exploration will pick up again should a legislation on royalties and taxes go through. The Domino project was delayed bytwo years following a delayed first investment decision target date, pushing back an increase in gas production to 2022. Refineryoutput demand and fuels demand have improved on the back of lower oil prices.
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