Romania sees lower oil production, higher imports at the start of 2025

Business Forum

24 March, 2025 at 7:25 AM

Romania produced 219,000 tonnes of oil equivalent (toe) in January 2025, down 4.5% compared to the same period of the previous year, according to the National Institute of Statistics (INS). Meanwhile, oil imports were up 15.6% to 840,700 toe.

The National Commission for Strategy and Forecast (CNSP) says that crude oil production is expected to fall by an average annual rate of 2.5% until 2027.

Thus, for 2025, a quantity of 2.74 million toe of crude oil is estimated (-2.8% versus 2024), 2.68 million toe in 2026 (-2.2%) and 2.63 million toe in 2027 (-1.9%).

According to the CNSP, this decrease is a consequence of the natural decline of deposits and the maintenance of existing production units.

Crude oil imports are forecast to rise to 7.8 million toe in 2027, at an average annual rate of 1.5%.

Romania's energy production drops 2.1% in early 2026

Romania's domestic energy production fell 2.1% in the first two months of 2026 compared to the same period last year, according to the National Institute of Statistics (INS).

Energy

Romania maintains oil reserves for 90 days amid Middle East tensions

Following recent checks, Romania's Energy Ministry manages emergency oil stocks exceeding 2 million tonnes oil equivalent, according to an official statement.

Real estate

Romania's housing completions dip 3.1% in 2025

Romania's residential construction sector recorded a 3.1% contraction in 2025 compared to the previous year. The total number of completed dwellings reached 59,062, marking a decrease of 1,916 units from the 60,978 reported in 2024, according to provisional data provided by the National Institute of Statistics (INS).

Energy

Rompetrol refineries to shut down for maintenance

Rompetrol Rafinare will halt operations at its Petromidia Năvodari and Vega Ploiești refineries in early March for a scheduled technological turnaround lasting approximately 20 days.

Energy

OMV Petrom profit drops 27% in 2025

Oil major OMV Petrom closed 2025 with a net profit of approximately €620 million, down 27% compared to the previous year.

Energy

Bulgaria joins OMV Petrom's Black Sea gas venture

Bulgarian Energy Holding (BEH) has entered the Han Asparuh offshore exploration joint venture in the Bulgarian Black Sea with a 10% interest.

Energy

Romania's electricity consumption drops 0.7% in first 11 months

Romania's final electricity consumption fell by 0.7% in the first 11 months of 2025 compared to the same period in 2024, according to data published by the National Institute of Statistics (INS).

LATEST NEWS

23 Jun

Romanian regulator clears Carrefour sale to Pavăl Holding

23 Jun

EECFA: Eastern European construction growth desynchronises from Southeast

22 Jun

Christian Tour shares start trading on BVB

22 Jun

Concelex eyes 70% revenue growth in 2026

22 Jun

Polytrade Global triples revenue in 2025, eyes European push

RECOMMENDED FROM THE HOME PAGE

Economy

Romanian regulator clears Carrefour sale to Pavăl Holding

The Competition Council has authorised the transaction through which Pavăl Holding intends to acquire the Carrefour group in Romania.

Real estate

Concelex eyes 70% revenue growth in 2026

Romanian construction company Concelex recorded revenues of RON 1.48 billion (€296 million) in 2025, representing a 17 per cent increase compared to the previous year.

Energy

Polytrade Global triples revenue in 2025, eyes European push

Polytrade Global, a Romanian group specialising in energy infrastructure, the supply of electrical equipment, and renewable energy projects, closed 2025 with a turnover of around €21.5 million, a 173% increase on the previous year, and a net profit of €579,000.

Finance

Christian Tour shares start trading on BVB

Christian Tour debuted on the BVB on 22 June, trading under the ticker symbol TRIP. The listing follows an IPO valued at RON 149 million (€28.4 million), with a 121% subscription rate. It is the first company from the organised tourism sector to debut on the local capital market.

Energy

OMV Petrom completes €140 million investment at Petrobrazi refinery

OMV Petrom, an integrated energy producer in South-Eastern Europe, commissioned a new aromatics unit at Petrobrazi, following an investment of around €140 million. The unit has a capacity of 150,000 tons per year of toluene and benzene, improving the refinery's production mix and energy efficiency while reducing environmental impact.

POPULAR

Energy

3 months ago

Romania's new emergency measures target fuel speculation and supply shortages

Energy

2 months ago

Eurostat: Romanian businesses face sharpest electricity price hike in EU

Energy

2 months ago

Romania records second-highest fuel price hike in EU during March

Energy

3 months ago