Romania faces high reputational costs if Black Sea gas exploitation hits snag (EPG)
Publicat:Romania will be racking up very high reputational costs, as well as costs arising from the arbitration lawsuits filed by oil companies, if the latter halt investments in the leased Black Sea offshore gas blocks, director of the Energy Policy Group (EPG) think-tank Radu Dudau said on Wednesday, during a debate on offshore gas.
Dudau said that back in 2010, when the oil companies signed the lease agreements with the National Agency for Mineral Resources, they had received assurances regarding the stability of the fiscal framework, but two new taxes have been introduced since - the tax on…
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