News from CCIR, Romania

Romania’s position and role in the European energy market
The President of CCIR, Mr. Mihai Daraban, had a working meeting with the European Commission representative from the Directorate General for Energy (DG Energy), Mr. Dominique Ristori, on Wednesday, at CCIR Business Center. The meeting was attended by representatives of the Romanian business environment interested and involved in the energy field. Discussions focused on EU energy security and the fully integrated European energy market.
At present time, the main strengths of Romania for maintaining energy security are the relatively balanced energy mix, the still significant but declining domestic production of oil, gas and coal (especially of inferior quality), the prospects for new hydrocarbon deposits in the Sea Black and mature deposits that can be further exploited with new technologies, as well as safe nuclear units at western standards with sufficient reserves of nuclear fuel until recently produced in the country. Romania is one of the few Member States that has and can use indigenous energy resources.