Romania produced, in the first nine months of 2024, a quantity of crude oil of 2.024 million tonnes of oil equivalent (toe), 79,300 toe less (-3.8%) compared to the same period of the previous year, according to the data centralized by the National Institute of Statistics (INS).

Crude oil imports totaled, in the mentioned period, 5.733 million tep, being 27,500 tep above those recorded in January-September 2023 (+0.5%), according to Agerpres.

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

Thus, in 2024, a quantity of crude oil will be extracted of 2.82 million boe (minus 3.1% compared to 2023), in 2025 of 2.74 million boe (minus 2.8%), in 2026 of 2, 68 million toe (minus 2.2%) and in 2027 of 2.63 million toe (minus 1.9%).

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