Romania Poised To Hike Oil Transit, Gas Storage Royalties

08.22.2011 By Andrei Circhelan

The royalties collected by Romania for gross revenue achieved from oil transport and transit will rise to 15%, from 10%, while the royalties for underground gas storage will rise to 5% from 3%, according to a draft ordinance by the Finance Ministry.

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Keywords:
ROYALTIES
, OIL
, GAS