News
18 May 2022

Romania tweaks tax law to spur offshore Black Sea gas investments

In:
Oil & gas
Region:
Europe

Romanian lawmakers have approved legislation to reduce taxes on future income from offshore gas projects, hoping it would unlock investment in the Black Sea to extract its sizeable reserves.The new law imposes a progressive tax of 15% to 70% on additional income tied to gas prices higher than 85 lei...

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