Romania produced, in the first five months of 2023, a quantity of crude oil of 1.177 million tons of oil equivalent (toe), 47,300 toe less (-3.9%) compared to the same period last year, according to data centralized by the National Institute of Statistics (INS).

Crude oil imports rose, in the January-May 2023 period, to 3.464 million toe, being 324,200 toe (10.3%) above those recorded in the first five months of 2022.

According to the latest Energy Balance Forecast, published by CNSP, crude oil production is expected in 2023 at 3.050 million tons of oil equivalent (minus 2.3% compared to 2022), according to Agerpres.

The National Strategy and Forecasting Commission indicates that Romania’s crude oil production will be on a downward trajectory in the period 2023-2026, with an average annual rate of -2.2%, a consequence of the natural decline of deposits and the maintenance of existing production units.

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