Studying the European energy dependence map and checking the oil and gas resources of the European countries, we can find that Romania is an extremely powerful country. At the same time, we know that Romania is one of the poorest countries in the region and Romanians are paying the same or even higher prices for the energy resources owned by their own country. Why?
Romania has the second largest proven oil reserves in EU (approximately 600 million barrels, which means approximately 70 million tons; 1 barrel = 0.12 tons)
and it is a top oil producer from EU
with an approximated production of 5 million tons / year
The yearly oil consumption of Romania is 10-12 million tons / year and more than half it is imported, however Romanian refineries have higher capacities than the total quantity.
Romania has the third largest proven natural gas reserves in EU
with approximately 600 billion cubic meters
and a yearly production of gas of 10 billion cubic meters.
The majority (80 – 90%) of the consumed gas in Romania is produced locally.
OFFERING THE OIL AND THE GAS ALMOST FOR FREE TO THE AUSTRIANS FROM OMV
In 2004, probably as a condition of entering the EU (2007), Romanian estate oil company, Petrom, which owned that time the full oil resources and partially the gas resources of the country, has been sold as a bargain to OMV Austria. After that Austrians continued to increase the price of the oil and in a few years, the price of the gasoline at the gas stations has been doubled.
Later (between 2008 – 2016), even if the reference Brent oil price has decreased with almost 50%, Romanians and Europeans have had to pay the same high price for fuel (gasoline and diesel) as before. Today it’s price is almost 6 RON / litre, which means 1,25 EUR / litre.
Fuel prices around Europe today are the next:
There are almost no differences between prices in Romania with huge oil resources and in other countries.
MONEY FOR NOTHING
OMV Austria has bought in 2004 the majority of the Petrom shares together with the full oil and partially the natural gas resources of Romania at the budget-price of 800 million EUR.
Today OMV has more than 51% shares in Petrom:
Since 2004 OMV Petrom S.A. has earned in Romania more than 500 million EUR / year, totally more than 6 billion EUR.
OMV is a company mainly owned by the Austrian state and IPIC company from Abu Dhabi.
At the same time, OMV by buying Petrom as a real bargain has become the second largest gas producer as well, near the Romanian state-owned Romgaz.
So, “buying” Petrom was a very good business for Austrians and for the company from Abu Dhabi, and extremely poor business for Romania.
Romania and its citizens as well have lost a lot of money: at least half million EUR / year, which means approximately 1% of the country budget, every year since 2004. If not sold to Austrians, Romanian oil and gas could have been bought by Romanians at half price, saving a lot of money and letting the country meanwhile to develop economically itself and making some green energy strategy for the future. But the money has had to go to Austria and to Abu Dhabi. Nice job EU, God save Romania!
Here are some details in Romanian language about this robbery managed from Brussels
Some officials from Romania and EU should explain how could they ruin this ordinary way all the Romanians?