Romania Oil and Gas Upstream Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Romanian oil and gas upstream market is expected to register a CAGR of about 1% during the forecast period. Sustained growth in the consumption of natural gas, petroleum, petrochemical products, and modern developments of oil and gas exploration and production activities are the major drivers for the growth of the oil and gas upstream sector in Romania. However, volatile oil prices and government policies are expected to hinder the market growth during the forecast period.
Key HighlightsThe Romanian oil and gas upstream market is moderately consolidated. Some of the key players in this market include OMV Petrom SA, SGS SA, Exxon Mobil Corporation, Romgaz SA, and Foraj Sonde SA Videle.
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