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Taxation for Romanian O&G industry rose, while international prices collapsed

The average effective rate of the royalties and other taxes imposed on the oil and gas industry in Romania has increased from 15% in 2014, to 16.9% in 2015 and 17.5% in 2016, while in most European states it decreased, energynomics.ro reads. The trend observed by the experts at Deloitte manifested within an interval in which the international crude oil price dropped from about 100 dollars per barrel (in 2014) at a minimum of 30 dollars per barrel, in 2016, to return at ...

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