PwC: Current system of oil royalties in Romania is suitable, can be maintained

Romania applies a system of oil royalties between 3.5% and 13% of production, with an average of 7 - 8%, a level that is suitable and that can be maintained in the future, said on Tuesday Vasile Iuga, managing partner for South-East Europe in consulting company Pricewaterhouse Coopers (PwC).'A European average of royalties is not relevant, given that the situation is different in the European countries,' said Iuga.He added that ...

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