Romania’s oil production increased by 4 percent last year, to 86,644 barrels a day. This is the first growth in the country’s oil production since 1994, when it produced 145,370 barrels a day. The largest oil production ever recorded in Romania was in 1977, of 313,541 barrels a day.
Romania’s oil production last year stands for 0.1 percent of the world’s total oil production. It makes the country the ninth largest producer in Europe and Eurasia region, according to data published in BP’s Statistical Review of World Energy 2014.
Most of Romania’s oil is extracted by OMV Petrom, the country’s largest oil&gas company, which is 51 percent controlled by Austrian group OMV, but there are also some smaller exploitations.