Updated September 2015
The relevant Romanian oil and gas laws and
regulations are:
- Petroleum Law no. 238 of 2004, as
amended and consolidated ("Petroleum
Law")
Note: Under Petroleum Law the definition of
"petroleum" covers both oil, and gas.
- Methodological Norms for the
Application of Petroleum Law
("Norms")
- Technical instructions, and other
regulations issued by the National Agency for Mineral
Resources
- Electricity and Natural Gas Law no.
123 of 2012 ("Electricity and Natural Gas
Law")
- Natural Gas Permitting and Licensing
Regulations
- Natural Gas Network Code, and other
regulations issued by the Romanian Energy Regulatory Authority
("RERA")
Romania was one of the pioneering countries in the oil and gas
sector. The recent commercial discoveries gave an impetus to
investment in this sector. The legal framework of the petroleum
industry is comprehensive and continues to be updated in line with
the relevant European Directives and
