Europe · ROU
Romania
Black Sea gas, Carpathian oil and Cernavoda nuclear. Neptun Deep is the 2027 story.
Oil production
0.1 mb/d
0.2 mb/d demand
Net oil
-0.2 mb/d
Near balance
Gas production
9 bcm
Net -1 bcm
O&G rent
1.4%
Fiscal breakeven $50
Oil balance
Production versus demand, 2025, million barrels per day.
Production0.1 mb/d
Consumption0.2 mb/d
Gas balance
Production versus demand, 2025, billion cubic metres.
Production9.0 bcm
Consumption10 bcm
Proven oil
1 bn bbl
Gas reserves
0.1 tcm
Refining
0.4 mb/d
LNG
No LNG
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil38%
- Gas62%
Economy
OMV Petrom and Romgaz still fund a slice of the state. A small surplus is the industrial hedge.
- GDP
- $0.4 tn
- Population
- 19.0 m
- Oil intensity
- 0.2 bbl /$1k
- Oil & gas rent
- 1.4% GDP
- Hydrocarbon trade
- 1.2% GDP
- Fiscal breakeven
- $50 /bbl
- $30 oil shock
- -4.6 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.2 mb/d (net -0.1) versus NZE 0.1 mb/d (net -0.1).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.2 | 0.2 | 0.2 | 0.1 |
| Net Zero 2050 | 0.2 | 0.2 | 0.1 | 0.0 |
| Current Policies | 0.2 | 0.2 | 0.2 | 0.1 |