Romanian oil industry association argues against state’s control on concession contracts

The Romanian Association of Oil Exploration and Production Companies (ROPEPCA) has asked the Government to revise the discretionary right of the state agency to refuse or terminate oil field concession contracts with non-EU companies on national security grounds. ROPEPCA argues that such a measure would impact investment in the oil industry. "One of the major concerns of the investors in this sector are the changes brought to the Petroleum Law no. 238/2004 by the emergency ...

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