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Romania reaffirms support for Neptun Deep project

Romania’s Prime Minister Marcel Ciolacu held a meeting with the delegation of Romanian energy company OMV Petrom led by the CEO of OMV Alfred Stern on Monday (18 September) to discuss the prospects of developing the Black Sea gas deep-water project Neptun Deep.

The Prime Minister highlighted that Romania fully supports the Neptun Deep project, in which OMV Petrom is partnering with Romanian state-owned company Romgaz. “It is the most important energy project, an investment of about four billion euros, which will put us in the position of becoming an energy player at the European level, exploiting reserves estimated at a minimum of 100 billion cubic meters of gas – as much as the consumption of Romania for almost 10 years,” he said.

The head of the Romanian government expressed hope that the position of the Austrian Chancellor Karl Nehammer to continue to “completely unjustifiably” oppose Romania’s accession to Schengen, will not affect the image of OMV Petrom in Romania, as such a situation would be undesirable for both parties.

“We will continue to support the Neptun Deep project and move forward based on the current form of the offshore law, just as Romania will continue to support its arguments regarding the country’s accession to the Schengen area, including with the European courts if Austria does not change its position,” said Prime Minister Ciolacu.

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