Deepwater Black Sea, shale top Romania’s oil, gas agenda

Romania is proud of the history of its petroleum industry. The country is officially recognized as the first to produce oil in the world in 1857—two years before the Drake well was drilled in Pennsylvania. Bucharest was the first capital in the world to be lit by kerosene. There was a connection at that time between Romania and the U.S.—the first refinery was built in 1857 with American financial investment, an analysis posted on ...

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