Romania's crude oil production down 7.6pct in H1, imports up 29.8pct

In the first six months of 2025, Romania produced a quantity of crude oil totalling 1.25 million tonnes of oil equivalent (toe), which is 103,200 toe less (-7.6%) compared to the same period of the previous year, according to data with the National Institute of Statistics (INS), agerpres reports.

Crude oil imports in the first half of this year amounted to 4.375 million toe, which is 1.005 million toe more than in the same period of 2024 (+29.8%).

According to the latest Energy Balance Forecast published by the National Strategy and Prognosis Commission (CNSP), crude oil production is expected to decline until 2027, at an average annual rate of 2.5%.

Thus, for 2025, a crude oil quantity of 2.74 million toe is estimated (a decrease of 2.8% compared to the previous year), 2.68 million toe in 2026 (down 2.2%), and 2.63 million toe in 2027 (down 1.9%).

According to the CNSP, this decline is the result of the natural depletion of reserves and the maintenance of existing production units.

Crude oil imports are forecast to rise to 7.8 million toe in 2027, with an average annual growth rate of 1.5%. Imports are projected to increase by 10.4% in 2025 to 7 million toe, by 7.4% in 2026 to 7.52 million toe, and by 7.8% in 2027.