Romania: Romania among the EU countries with the lowest risk of oil supply disruption
, NewsAccording to the report by Cambridge Econometrics, Romania is not among the EU countries in which the geopolitical risks could cause the disruption in oil supply, although the country imports about a half of its crude oil demand.
The report states that oil companies outside the European Union are responsible for about 80 % of the EU’s crude oil supply. Only two out of top ten companies which supply crude oil to the EU are from member states, namely the Norwegian Statoil and the Dutch Shell.
On the other hand, Russia supplies about a third of the EU’s oil imports, through Lukoil, Rosneft and other oil companies. However, Romanian dependence on Russian oil imports is much lower, due to its own production and the fact that the majority of imported crude oil comes from Kazakhstan.
LATEST NEWS
- June 14, 2023 The Serbian Institute for Critical Materials launches a regional mining platform for knowledge exchange
- April 24, 2023 Without sustainable mining, there is no renewable future
- March 25, 2023 Europe revives mining to reduce dependence on the import of key raw materials
- March 8, 2023 Calcium Carbonate Industry, Reshaping the Market Growth, Serbian supplier to match European industrial demand
- August 13, 2023 Environment South East Europe Watch temporarily suspends the activity
- August 9, 2023 Regional Coalition Aims to Protect Up to 400 Kilometres of Rivers Across Southeast Europe
- August 9, 2023 Meeting Serbia’s Energy Needs: A Smart Siting Map for Solar Power
