Romania produced, in the first 11 months of 2024, a quantity of crude oil of almost 2.456 million tons of oil equivalent (toe), 106,500 toe lower (-4.2%) than in the same period of the previous year, according to data centralized by the National Institute of Statistics (INS).

Crude oil imports totaled, in the mentioned period, 7.418 million toe, being 721,600 toe above those recorded in January-November 2023 (+10.8%), according to Agerpres.

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

Thus, for 2024, a quantity of crude oil of 2.82 million toe (minus 3.1% compared to 2023) is estimated, in 2025 of 2.74 million toe (minus 2.8% compared to the previous year), in 2026 of 2.68 million toe (minus 2.2%) and in 2027 of 2.63 million toe (minus 1.9%).

According to the CNSP, this decrease will be the consequence of the natural decline of deposits and the maintenance of existing production units.