AcasăEurope NewsEnergy Minister: Romania has become independent from Russian oil, embargo won't affect...

Energy Minister: Romania has become independent from Russian oil, embargo won’t affect us

Published on

The embargo on Russian oil will not affect Romania, considering that the oil companies in our country have found alternative resources and no longer bring oil from the Russian Federation, the minister of Energy, Virgil Popescu, said in a press conference on Monday, according to Agerpres.

„We didn’t sit idle waiting for December 5 (the date the embargo came into force, ed. n.), but we held several discussions with the oil companies and all the refineries in Romania have been processing only non-Russian oil since last week, so Romania is independent from Russian oil. We will have no problems with the supply of oil and oil products, once the embargo comes into force,” said the government official.

According to him, the government’s decision to subsidize the fuel price by 50 bani per liter proved to be good.

„Gas stocks are more than 2.8 billion cubic meters, we monitor them daily, there is no problem. We have no problems this winter with the supply of gas, oil or electricity. We will get through this winter,” continued Popescu.

He also said that Romania still supports capping the price of all gas imported into the EU.

Agerpres

Latest articles

Romania’s registered unemployment rate rises to 3.14 pct as of end-March 2024

Romania's registered unemployment rate as of end-March 2024 was 3.14 percent, up from 3.06...

Romania reaches 80 athletes qualified for Paris 2024, after Ebru Bolat secures ticket

Romania's delegation for the Olympic Games Paris 2024 (July 26-August 11) has reached 80...

Budget deficit, up to 2.06% of GDP, after first trimester

The budget deficit rose to 2.06% of the Gross Domestic Product after the first...

Mechanism regarding the European minimum wage starts on July 1, PM Ciolacu says

The mechanism regarding the implementation of the European minimum wage will start from July...

More like this

Romania’s registered unemployment rate rises to 3.14 pct as of end-March 2024

Romania's registered unemployment rate as of end-March 2024 was 3.14 percent, up from 3.06...

Romania reaches 80 athletes qualified for Paris 2024, after Ebru Bolat secures ticket

Romania's delegation for the Olympic Games Paris 2024 (July 26-August 11) has reached 80...

Budget deficit, up to 2.06% of GDP, after first trimester

The budget deficit rose to 2.06% of the Gross Domestic Product after the first...