Economy of Romania
OMV Sets Eyes on Potential Black Sea Gas Deposits
Significant amounts of natural gas could be extracted from Bulgaria's Khan Asparuh deep-water block, OMV believes.
Austrian energy company's expectations have so far been fomented by the discovering of vast amounts of gas at Neptun, a deep-water block in neighboring Romania situated next to Khan Asparuh.
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Romanian Industry Braces for Rise in Gas Price
Gas prices for industrial consumers in Romania will rise by a thumping 24 per cent as of next month, with a sharp impact likely on industry and jobs, experts say.
The move is part of a deregulation schedule agreed with international lenders including the International Monetary Fund, IMF and the World Bank.
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