Romania produced, in the first quarter of 2024, a quantity of crude oil of 682,400 tonnes of oil equivalent (toe), 23,900 toe less (-3.4%) compared to the same period of the previous year, according to data centralized by National Institute of Statistics (INS).

Crude oil imports exceeded, in the mentioned period, 1.773 million toe, being 315,700 toe below those recorded in January-March 2023 (-15.1%), according to Agerpres.

According to the latest Energy Balance Forecast, published by the National Strategy and Forecast Commission (CNSP), Romania’s crude oil production will be on a downward trajectory until 2026, with an average annual rate of -2.2%, a consequence of the decline natural deposits and maintenance of existing production units.

Thus, in 2024, production will be 2.98 million toe (-2.3% compared to the previous year), in 2025 to 2.91 million toe (-2.3%) and in 2026 to 2.855 million toe (- 2%).

On the other hand, for the import of crude oil, CNSP estimates an increase in the mentioned period with an average annual rate of 4.1%.

For the year 2024, imports of 9.65 million toe (+4.7%), for 2025 of 10 million toe (+3.6%), and for 2026 to 10.3 million toe (+3%).