Romania's crude oil imports increase by 4.3 pct in first nine months of 2021

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Romania imported, in the first nine months of 2021, over 5.189 million tons oil equivalent (toe) of crude oil, by 212,400 toe (4.3 pct) more than the quantity imported in the similar period of 2020, according to data centralized by the National Institute for Statistics (INS). Crude oil production rose to nearly 2.34 million toe, being 4.4 pct (106,500 toe) lower compared to the production of the previous year. According to the estimates of the National Committee for Strategy and Prognosis, the crude oil production is estimated to decrease to 3.275 million toe for this year (minus 3.2 pct compared to 2020), and to 3.2 million toe in 2022 (minus 2.3 pct). Imports are forecast at 8.425 this year (plus 20.7 pct) and 8.815 million toe (plus 4.6 pct). The Energy Strategy draft, published on the Ministry of Energy website, estimates that crude oil production will maintain it's slow downward trend between 2030 and 2050, from 22 to 13 TWh (1.93 to 1.15 million toe). The results of modelling done in 2016 indicate the halving of internal crude oil production, to approximately 2 million tons in 2030. The increasing dependency on imports cannot be avoided on the medium and long-term unless by encouraging the exploration and production activity, as well as by raising the efficiency of the consumption of fossil fuels, the draft mentions. AGERPRES (RO - author: Nicoleta Gherasi, editor: Andreea Marinescu; EN - author: Razvan-Adrian Pandea, editor: Simona Iacob)
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