Ascultă Radio România Actualitaţi Live

The government has declassified the contracts with Chevron

Chevron has concession rights on perimeters of Dobrogea for a period of 30 years, which may be extended by another 15 years, according to contracts.

The government has declassified the contracts with Chevron

Articol de Sorin Solomon, 27 Aprilie 2012, 13:18

According to documents published Thursday by the National Agency for Mineral Resources(ANMR) , Chevron has concession rights on perimeters of Dobrogea for a period of 30 years, which may be extended for another 15 years.

However, if Chevron finds gas and oil, it will pay royalties of between 3.5 percent and 13 percent of the output.

This level of royalties is unique for all companies due to the privatization contract of Petrom and is set out by the end of 2014.

Figures that Chevron Company must invest have remained secret in documents presented by the National Authority for Mineral Resources.

Although some documents still preserve classified information and the pages presented by the National Authority for Mineral Resources contain data covered with gray in tables showing investments that Chevron should do, these could be easily viewed using specialized software.

Figures showing the debts that Chevron Company must pay to Romania were made visible from several sites, for instance Hotnews.ro.

All documents are classified as secret service.

Prime Minister Ungureanu said at Warsaw that it has been received the approval for declassification of Chevron Company concession contracts.

Contracts were made public on the website of the National Authority for Mineral Resources, but these will not contain commercial terms that the company wanted to keep confidential.

The Government has approved on 20 March three shale gas agreements of development and mining exploration in three perimeters of Dobrogea (south-east) for Chevron Company Romania. The decisions to approve the agreements were published in the Official Gazette of March 28.

The three agreements between Chevron and the National Authority for Mineral Resources refer to 18-Vama Veche perimeters EX, EX-19 EX-17 Adamclisi and Costinesti.

The Chevron Country Manager for Romania, Tom Holst, said in early April that the decision of agreements secrecy with Chevron for the perimeters of Dobrogea belonged to Romanian government.

"Chevron has an exploration license in Barlad and the Government has given us three exploration licenses in the region of Dobrogea. The secrecy agreements decision for perimeters of Dobrogea belonged to Romanian government, it was ANMR’s decision, we did not ask for it. We follow the law in Romania and ANMR’s decision", said Chevron official.

The Ministry of Environment gave notice to the petroleum agreements, as these contain obligations that vise the environmental concerns.

The Ministry of Environment stated that, under these agreements, conditions are set up for environmental compliance and water management that Chevron Romania Holding BV must comply.

It also includes measures to reduce the environmental impact, to repair the damage if it occurs and also environmental remediation obligations after completing the operation.

The agreements provide an initial phase of exploration, which includes a mandatory step in order to be made in seismic prospecting and geochemical analyzes.

In order to carry out ,the exploration is not necessary to obtain an environmental accord with the impact assessment following the procedure.

Depending on the result of prospecting, the exploration can be done to see if there are economically exploitable resources.

To achieve the exploration, it is necessary the consent of the environmental authorities.

After the exploration stage, if economically exploitable resources are identified, they will proceed to development and exploitation phases.

After the approval of these oil agreements, Chevron Romania Holding BV has to conduct first of all the seismic exploration, then the exploitation in order to see if there are economically exploitable resources and ultimately, it can pass to operating phase.


Translated by Alexandra-Diana Mircea
MTTLC, Bucharest University

Water crisis in Prahova and Dambovita, discussed in the Senate Economic Committee
News in English 04 Decembrie 2025, 21:49

Water crisis in Prahova and Dambovita, discussed in the Senate Economic Committee

The population of the municipality of Campina, the towns of Breaza, Baicoi, Moreni and the 10 affected communes could have...

Water crisis in Prahova and Dambovita, discussed in the Senate Economic Committee
Romania participates in the European transport corridor that will connect the Aegean Sea to the Black Sea
News in English 04 Decembrie 2025, 21:48

Romania participates in the European transport corridor that will connect the Aegean Sea to the Black Sea

Romania is entering one of the most important European transport projects, after the country, together with Bulgaria, Greece...

Romania participates in the European transport corridor that will connect the Aegean Sea to the Black Sea
Naval Forces neutralized a maritime drone in the Black Sea
News in English 03 Decembrie 2025, 19:31

Naval Forces neutralized a maritime drone in the Black Sea

Military divers, specialized in the fight against explosive devices within the Romanian Naval Forces, neutralized on...

Naval Forces neutralized a maritime drone in the Black Sea
Establishment of the National Agency for Policies and Coordination in the Field of Drugs and Addictions
News in English 03 Decembrie 2025, 19:30

Establishment of the National Agency for Policies and Coordination in the Field of Drugs and Addictions

Deputies unanimously approved the emergency ordinance on the establishment of the National Agency for Policies and...

Establishment of the National Agency for Policies and Coordination in the Field of Drugs and Addictions
Inflation rate in the eurozone rose slightly in November, to 2.2%
News in English 02 Decembrie 2025, 19:18

Inflation rate in the eurozone rose slightly in November, to 2.2%

The annual inflation rate in the eurozone rose in November, exceeding the European Central Bank's medium-term target of...

Inflation rate in the eurozone rose slightly in November, to 2.2%
The situation of funds in the NRRP, presented by the Minister for European Funds
News in English 02 Decembrie 2025, 19:17

The situation of funds in the NRRP, presented by the Minister for European Funds

The government submitted Payment Request No. 3 from the NRRP to Brussels and complied with the conditions for communication...

The situation of funds in the NRRP, presented by the Minister for European Funds
Prime Minister takes responsibility in Parliament for draft law on magistrates' pensions
News in English 02 Decembrie 2025, 15:00

Prime Minister takes responsibility in Parliament for draft law on magistrates' pensions

On Tuesday, the government will take responsibility in Parliament for the new draft law on magistrates' pensions, which...

Prime Minister takes responsibility in Parliament for draft law on magistrates' pensions
Fake documents generated by Artificial Intelligence are becoming an increasingly serious threat
News in English 02 Decembrie 2025, 14:58

Fake documents generated by Artificial Intelligence are becoming an increasingly serious threat

The number of advanced digital frauds has increased by 180% compared to last year due to the use of artificial intelligence...

Fake documents generated by Artificial Intelligence are becoming an increasingly serious threat

Radio România

Lista companiilor de stat care vor fi reformate

Lista companiilor de stat care vor fi reformate

Lista companiilor de stat care vor fi reformate
Comisia Europeană amendează platforma X cu 120 de milioane de euro

Comisia Europeană amendează platforma X cu 120 de milioane de euro

Comisia Europeană amendează platforma X cu 120 de milioane de euro
Ciclonul Ditwah a ucis peste 600 de persoane în Sri Lanka

Ciclonul Ditwah a ucis peste 600 de persoane în Sri Lanka

Ciclonul Ditwah a ucis peste 600 de persoane în Sri Lanka
A murit legendarul arhitect Frank Gehry

A murit legendarul arhitect Frank Gehry

A murit legendarul arhitect Frank Gehry