Romania could become energy independent in 2020 but it needs annual investments
of some 4.0-5.0 billion euro ($5.1-$6.4 billion) in the energy sector in order
to achieve this goal, local media quoted minister delegate for energy Razvan
Nicolescu as sayingon Tuesday.
This is the first conclusion local
authorities came to after starting a revision ofthe country'senergy strategy,
Nicolescu told a news conference, news portal Hotnews.ro said.
Nicolescu
added that the investments must be directed towards finding new oil and
gas reserves, building new production units andupgrading the existingplants
and powertransmission systems.