Romania: Oil imports, up by 3.8% in 2017

Romania imported last year 7.75 million tons of oil, 3.8% more than in 2016, according to the National Statistics Institute (INS).

Meanwhile, Romania’s oil production went down by 4.4% compared to 2016, to 3.42 million tons.

According to Romania’s Energy Strategy draft, the domestic oil production is expected to drop to about 2 million tons in 2030. The country’s proven oil reserves will deplete in 12-15 years, considering the current exploitation rate, according to the same document.

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