Romania Considers Higher Royalties, Energy Taxes, Mediafax Says

The Romanian government is considering increasing oil and natural-gas royalties or surcharging energy companies, as the country moves to free electricity and gas prices, Mediafax reported today, citing unidentified government officials.

The administration is considering an increase in oil and gas royalties earlier than a 2014 deadline or overtaxing energy and gas companies, which will post profits as the state deregulates prices, the Bucharest-based news service reported today, citing the unnamed people.

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