Romania missed out on RON 7 billion in natural gas royalties in the last decade, says ANRM advisor

The Romanian budget has missed out on RON 7 billion in the last decade due to fact that the reference price for natural gas, used for the payment of royalties, has not been updated since 2008, according to Dorinel Ursarescu, advisor to the president of the National Agency of Mineral Resources (ANRM), at the ‘Black Sea Energy Resources Conference’ organized by PSNews. “Producers were paying royalties at a price of RON 495/1,000 cubic ...

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