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Under the offshore drilling law, the Romanian government gets major benefits of 50 percent of the offshore gas production to be traded in Romania market, and the additional income tax revenue, in addition to royalties, national leader of the Social Democratic Party (PSD), major at rule, and speaker of the Chamber of Deputies Liviu Dragnea said Monday at the end of a meeting of the PSD floor group in the Chamber of Deputies.
Regarding the investment deduction mechanism, he pointed out that the question is whether the investments are deducted in a longer or shorter period of time, having no influence on the amounts that the Romanian government will earn.
The Senate Committee on Energy, Energy Infrastructure and Mineral Resources on Monday issued a positive report on amendments to a bill regarding necessary steps for the implementation of oil operations by offshore oil block holders, a bill that President Klaus Iohannis has sent back to Parliament for re-examination.
The main amendments adopted, proposed by PSD, regard the possibility for investors to deduct their money from the investment made, and reference prices.
