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The Romanian Hydrocarbons Industry At Present

Author

Listed:
  • MARIUS BULEARCA

    (CENTRE FOR INDUSTRY AND SERVICES ECONOMICS, ROMANIAN ACADEMY, BUCHAREST, ROMANIA)

  • CATALIN POPESCU

    (PETROLEUM GAS UNIVERSITY OF PLOIESTI, PLOIESTI, ROMANIA)

Abstract

The history of oil and gas industry has been and is an intrinsic part of the modern economic and social development of modern Romania. The Romanian oil and gas sector is today at a point of strategic inflexion, with economic, political and social valences. This sector is the potential beneficiary of a pool of opportunities that can generate sustainable social development, economic dynamism, energy security, regional collaboration and prestige at European level. In this context, the paper presents the main elements characterizing the actual state of crude oil and natural gas extraction industry in Romania, elements that are the basis for future strategies for the development of this industry essential for the country's economic and social development.

Suggested Citation

  • Marius Bulearca & Catalin Popescu, 2017. "The Romanian Hydrocarbons Industry At Present," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 53-62, December.
    • Handle: RePEc:cbu:jrnlec:y:2017:v:2special:p:53-62
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