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%.