Romania Wants To Raise Oil, Gas Royalties Earlier Than 2015

01.31.2013 By Florentina Dragu

Romania’s government wants to increase the royalty rates levied on natural gas and oil producers earlier than the 2015 deadline agreed with Austria’s OMV nine years ago, when the latter bought the majority stake in Petrom (SNP.RO), Prime Minister Victor Ponta said Thursday.

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