ASSESSMENTS

Romania Sees the Opportunity for Energy Investments

Jun 9, 2014 | 10:00 GMT

Romania Sees the Opportunity for Energy Investments
Chevron Romania director Tom Holst stands next to drilling equipment in Pungesti, Romania, on April 8.

(MIRCEA RESTEA/AFP/Getty Images)

Summary

Energy security has become a key issue in Romania as a consequence of the still-deepening row between Russia and the West over Ukraine. Bucharest sees the Ukrainian crisis and the United States' renewed interest in Central Europe as an opportunity to develop its own energy sector and insulate itself from the growing influence of an assertive Russia.

Considering the current political environment in Central and Eastern Europe, as well as the growing U.S. support of the Romanian government and its push for Bucharest to open up for foreign investment in the energy sector, the Romanian government will move forward in the coming months with the design of a new regulatory framework to promote more investment in the field.

Bucharest wants to capitalize on renewed U.S. and EU interest in Eastern Europe....

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