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"Legislators went on vacation, it's normal, it's legal, but we have cabinet and government colleagues, we're working on some important projects, the bill on pensions and we are waiting for the motivation of the Constitutional Court for the Sovereign Investment Fund.We will not read in a month, but we will act immediately.In addition, there are now discussions about the possible governmental orders for the law. I have said that even in the evening of this day, after the adoption of the law, the specialized committee of the Chamber of Deputies made changes until the last minute. What is in the law is not well defined in the annexes, they are not very clear, "said Liviu Dragnea at Romania TV Sunday
On July 9, the Chamber of Deputies adopted, as a as a decision-making body, the p The draft establishes measures for the exploitation of gas in the Black Sea by 175 votes in favor, 30 against and 30 abstentions. The legislative initiative passed by the deputies regulates the implementation of oil operations by the owners of offshore oil perimeter agreements.
Romulus Georgescu comments
Update: 11.07.2018 – 07: 51 The Chamber of Deputies adopts the project law on the implementation of oil operations by the owners of offshore oil fields. The draft was adopted with 175 votes for (PSD, ALDE, UDMR), 30 votes against (PMP) and 30 abstentions (NLP, USR).
Deputies of the PSD and ALDE have introduced several amendments to the law on gas production in the Black Sea. The amendments were presented before the vote by the leader of the PSD, Liviu Dragnea, while the Industry Committee debated the normative act. The head of the PSD drew on a chart how the law will be amended, compared to the version voted by the Senate, pointing out that by changing the tax rules, the Romanian state would receive $ 20 billion [19659002] Thus, compared to the version voted by the Senate, the Chamber of Deputies voted to introduce progressive taxes on the additional income from the sale of Black Sea production, based on the price of gas. MEPs have introduced tax rates between 15% and 50% depending on the price. The smallest share of 15% is for prices between 85 and 100 lei per MWh. The 50% higher share will be applied at 50% for prices above 190 lei / MWh
Among the amendments adopted by the Chamber of Deputies are those relating to the production of gas to be marketed on the Romanian market, which rose to 50% instead of 30% as originally planned.
Deputies of the PSD and ALDE have introduced several amendments to the Black Sea Gas Production Act. The amendments were presented before the vote by the leader of the PSD, Liviu Dragnea, while the Industry Committee debated the normative act. The head of the PSD drew on a chart how the law will be amended, compared to the version voted by the Senate, pointing out that by changing the tax rules, the Romanian state would receive $ 20 billion [19659002] Thus, compared to the version voted by the Senate, the Chamber of Deputies voted to introduce progressive taxes on the additional income from the sale of Black Sea production, based on the price of gas. MEPs have introduced tax rates between 15% and 50% depending on the price. The smallest share of 15% is for prices between 85 and 100 lei per MWh. The 50% higher share will be applied at 50% for prices above 190 lei / MWh
Among the amendments adopted by the Chamber of Deputies are those relating to the production of gas to be marketed on the Romanian market, which rose to 50% instead of 30% as originally planned. The tax credit has also been removed.
Targets of Liviu Dragnea
After the vote, Liviu Dragnea explained the logic of the changes. "It was supposed to be passed this law not in the form that came from the Senate, I do not want to accuse anyone, it was superficial or it was not a very cautious analysis, but I could not accept to the Chamber of Deputies that Romania would keep energy dependence increased vis-à-vis the Russians.The fact that we have placed 50% of production on bilateral contracts and 50% on the Romanian market means that Romania becomes one the few countries in the world that become energetically independent, "says Dragnea
. Dragnea had been proposed by the former PSD government, led by Sorin Grindeanu, promoted by Mihai Tudose, then Minister of Economy. The project was approved in February and it should be noted that Dragnea promoted the changes exactly on the first day of the Senate leave, Călin Popescu Tăriceanu, his partner in a coalition where divergences appeared
The heads of three companies that have leased the perimeter Black Sea oil companies, ExxonMobil Romania, OMV Petrom and Black Sea Oil & Gas have expressed reservations about the changes made by the Chamber of Deputies. "Following the change in the tax system, it will become more difficult for every investor to make an investment decision," said Richard Tusker, director of ExxonMobil Romania. "After what we have seen happen today, we are led to adopt the final investment decision to favor Romania," said Christina Verchere, CEO of OMV Petrom. "I can tell you with all the firmness, given the text we have seen, puts us in a much harder time to make the final investment decision when we are two years ago," said Beacom. , responsible for Black Sea Oil & Gas
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