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New royalties for onshore and offshore oil & gas operations in Romania

The Government has prepared a draft bill, expected to regulate the new royalty system for concessions of mineral, petroleum and hydro-mineral resources, lexology.com reads. The draft law brings the awaited differentiation between onshore and offshore royalties: Onshore Production: In onshore oil & gas production, royalty rates will remain unchanged, however reference price calculation methods will be ...

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