The Romanian state will auction off concessions for a total of 34 oil and gas concessions next year. The new concessions will be for eight offshore perimeters and 26 onshore perimeters, according to local Economica.net.

“These are all hydrocarbons perimeters. We can’t name their locations. All the details will be provided in the tender specifications,” said representatives of the National Mineral Resources Agency (ANRM).

The Black Sea has become the hotspot for oil and gas exploration in Romania in recent years, with international groups such as ExxonMobil and Lukoil currently exploring its deep waters, together with local OMV Petrom. Sterling Resources and Petroceltic Overseas also have concessions in the Black Sea.

editor@romania-insider.com