Revenues from royalties collected by Romania in 2014
Romania has collected mining and oil royalties in 2014 of RON 1.55 billion (about EUR 350 million), up by RON 150 million against the previous year, according to the National Agency for Mineral Resources. The bulk of the royalties were collected from the oil sector, RON 1.36 billion, the rest of RON 186 million being collected from the mining sector. The natural gas sector contributed RON 664 million in total royalties, while the fee charged on the oil exploitations contributed by RON 496 million. The biggest payers of royalties for hydrocarbons were OMV Petrom with RON 848 million paid (about 70% of total), Romgaz with RON 289 million paid, Amromco Energy with RON 17.2 million, Stratum Energy Romania with RON 4 million and Foraje Sonde Craiova with RON 432,300 paid.
Oil royalties vary in the range of 3.5%-13% of the output value according to international quotations, depending on the amount of hydrocarbons and on the deposits’ maturity. Starting next year, the royalties’ system in Romania will be recalculated. Currently, the final form of the new document that will regulate the fees that the state will charge the companies exploiting underground resources in Romania is being drawn up.