Romania’s oil royalties system will remain unchanged in 2015

The royalty system for the oil industry will remain unchanged next year and a new formula will be created later, minister-delegate for the Budget Darius Valcov said Wednesday.“The current system will be extended for next year”, Valcov answered when asked. The decision will be made through a Government order. In September, prime minister Victor Ponta said that the project regarding the new royalties for the oil industry will be placed in ...

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