OMV Petrom calls for Romanian fiscal stability
New deepwater gas play needs greater clarity on terms
OMV Petrom, the Romanian independent 51pc owned by Austria's OMV, believes Romania could develop into Europe's third-largest gas producer and a significant exporter into central and eastern Europe (CEE) and beyond. But board member Franck Neel cautions that a stable fiscal regime is key to making progress on developing the Neptun Deep discovery in the country's deepwater offshore, in which OMV is an equal partner with operator ExxonMobil. "For such a big investment, you need to know what the tax level is," he told Petroleum Economist at the Flame gas conference in Amsterdam in May. The recent signs have not been particularly promising. The country had been making progress towards a more libe
Also in this section
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
