Europe’s upstream segment has two main challenges – environment-related long-term objectives that gradually narrow down oil companies’ maneuvering ability in terms of where/what they can drill and deficit-ridden governments trying to squeeze as much out of their domestic production as it can get. Whilst most of Western Europe, with its shale drilling bans and forced production phase-outs, gradually started to tilt towards the first variant, Romania is one of the rare examples for the latter option.
It would seem that with its…The Future For Oil Producer Romania Looks Bleak
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