Energy Strategy: Romania' s crude oil reserves estimated to exhaust in 20 years

Romania's current crude oil reserves are expected to get exhausted in about 20 years for an annual average production of 3.9 million tonnes, as recorded in the last years, and because of a constant annual decline of sure reserves of 5 percent and a replacement rate of 5 percent for crude and condensate, according to Romania's National Energy Strategy released on Friday by the Energy ...

Developed by Codecraftsman