The strategic value of the Black Sea projects, a topic under discussion at CCIR
Publicat pe 21/05/2018
Bucharest, May, 21st, 2018: The Chamber of Commerce and Industry of Romania (CCIR) organized an information session on topics of interest for the offshore oil and gas industry in Romania. The session was attended by representatives of The Romanian Black Sea Titleholders Association (RBSTA), representatives of the Government and also of the Romanian Parliament.
The Romanian Black Sea Titleholders Association (RBSTA) hosts, on the initiative of ExxonMobil Exploration and Production Romania, a platform developed to support potential service providers for the offshore industry in Romania.
The Potential Supplier Registration Portal for the Black Sea oil and gas industry is a platform where the companies can register and describe the goods and services they can provide to the industry. The platform is a website that allows suppliers of goods/services to voluntarily express their interest in marketing their products and services to the Romanian oil and gas industry in the Black Sea. The portal is not a complete list of all available providers, but only includes those who took the steps to record their data.
Registration in the database will have no impact on any bid, contract, or supplier’s ability to compete for the opportunity to work on any current or potential project.
Mihai Daraban, the president of the Chamber of Commerce and Industry of Romania, considers this portal to be “an important signal for the local economy, which could represent a standard of transparency and cooperation for other industries. Black Sea resources are extremely important for the economic development of the whole region. They have attracted important investments and the key requirement for these economic projects is the predictability of legislation”.
The Romanian Black Sea Titleholders Association (RBSTA) launched The Potential Supplier Registration Portal for the Black Sea oil and gas Industry. Potential suppliers can be registered at: click
According to the independent report by Deloitte Central Europe, at the request of RBSTA, entitled “Contribution of Black Sea exploration and production projects to the development of the Romanian economy”, investments in the Black Sea oil sector will generate cumulative revenues by 2040 of over $ 26 billion and will bring an additional $ 40 billion to Romania’s GDP. At the same time, the impact on the labor market will be an average annual number of over 30,000 jobs.