Romania – country profile
Area: 238,391 km2 (ranking 12th in Europe & 81th in the world)
Population: 19,942,642 (2014)
GDP: € 142.245 billion (2013)
EU & NATO membership
With over 150 years of tradition in the oil & gas industry, Romania is one of the biggest Central and Eastern European oil producers, after Russia and the Caspian states.
The country dominates Southeast Europe’s downstream petroleum industry holding 8 of the region’s 11 refineries. Romania, at over 10 Bcm per annum, is the only significant gas producer in the region and has the potential to become an exporter of natural gas.
Romania holds a strategic geopolitical location in terms of access to markets and routes, including through the Black Sea, where Constanta Harbour is the largest and deepest port.
The offshore oil and gas operators in Romania are represented by RBSTA (Romanian Black Sea Titleholders’ Association), whereas the onshore upstream sector is represented by ROPEPCA (Romanian Petroleum Exploration and Production Companies Association).
Gas transmission is provided by the National Gas Transmission Company “Transgaz” through 13,112 km of main pipelines and connections with diameters between 50 mm and 1,200 mm, at pressures between 6 bar and 63 bar. Transgaz operates 1,119 gas regulating-metering stations, 3 metering stations for imported gas, and 6 for international transmission. The total design capacity of the NTS is of approximately 30 bcm/year.
In addition there are 8 underground storage facilities operated by 3 companies (RomGaz, AmGaz, and Depomures) with total capacity of 3.135 Bcm.