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The offshore law was approved by Parliament. The budgetary impact of investments in Black Sea gas could be 5 billion lei annually

The offshore law was approved by Parliament. The budgetary impact of investments in Black Sea gas could be 5 billion lei annually

By Andreea Mitirita, PwC Romania Partner

The offshore law, adopted on Wednesday in the Parliament, will offer Romania an indisputable competitive advantage in the context of the crisis on the resource market and implicitly benefits determined by investments in exploitation: budgetary revenues from taxes and duties associated with these investments of approximately 5 billion lei annually, new jobs and attracting related investments, according to the report “Analysis of the taxation specific to the production of offshore natural gas in Romania in 2021”, made by PwC Romania for the Petroleum and Gas Employers Federation.

For more information, please see the Romanian version of the article, here.

 

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PRICEWATERHOUSECOOPERS SERVICII SRL