Romania’s crude oil imports on the rise

During the first four months of 2014 Romania imported approx. 2.12 million tons of crude oil, more by 932,600 tons (78.6 percent) as compared to the similar interval last year, according to the data delivered by the National Statistics Institute (INS). The crude oil output amounted to 1.302 million tons for January-April 2014, lower by 7,100 tons (0.5 percent) than the output during the same interval last year.

Romania was last year on the tenth place in the top of crude oil producers in Europe and Eurasia, registering an output of 87,000 barrels per day, up 4 percent against 2012, representing 0.1 percent of the global output, BP statistics reveal. Oil consumption in Romania fell in 2013 by 1.7 percent against the previous year, amounting to 188,000 barrels per day (0.2 of the global consumption). According to the BP statistics, Romania’s confirmed reserves amounting to 600 million barrels vs. one billion barrels considered by the end of 1993.

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