• Do you agree with the controversial cyanide mining at Rosia Montana?
  • show result

    all polls


Chevronís investments worth half a billion US dollars, disclosed by mistake

The oil giant Chevron has accepted the partial declassification of the contract for shale gas exploitation sealed with the government in March, less the financial details of the investment.

Nevertheless, the figures have been published today (Thurs) by mistake on the website of the National Agency for Mineral Resources (ANRM). Instead of hiding the figures, a computer operator who posted the contract on the website, blurred them.† By clicking on the blurred images the figures became visible.

The Agency realized the error and took down the contracts from the website. But it was enough for the journalists to have a sneak peak into the figures of Chevron investments, totalling more than half billion US dollars, HotNews informs.

According to the data posted on ANRM website, the minimum compulsory investments that Chevron is bound to make in Dobrogea (South East) for shale gas extraction activities (according to the contract sealed with the Economy Ministry) is of 63 million US dollars. The investments could however reach 482 million US dollars if the oil giant would decide to further develop the existing perimeters.

In March, the government sealed two deals with Chevron for the exploitation of shale gas deposits in Barlad, Vaslui County (central Romania) and in three other areas located in Dobrogea region. Following protests against shale gas exploitation and at the request of environment activists and the opposition, the government agreed to declassify the contracts, asking Chevron for the permission. Today, only the contract on the Dobrogea exploitation deposit had been declassified.

Following protests, the American company announced it had stopped all shale gas activities in Romania this year.

Tag cloud opposition  dollars  activities  government  sealed  Agency  exploitation  billion  posted  investments  contracts  Romania  Dobrogea  ANRM  shale  deposits  protests  blurred  declassify  Chevron

Latest News


Policeman Beating Girl, 13, Divides Romania
A Romanian police officer has resigned after a video that has split the country showed him beating a 13-year-old girl in custody who was part of a gang of convicted killers that preyed on the elderly.

Granny Spinner Likely To Escape With 30 GBP Public Order Fine
The Romanian teenager who grabbed a terrified woman and spun her around in the middle of a street for a "joke" is likely to escape with a 30 GBP fine - because his victim is too terrified to file a complaint.

National History Museum shows ancient gold coins returned from UK
The Romanian National History Museum in Bucharest has exhibited a rare collection of ancient gold coins that had vanished and have now been returned from the UK where the customs had held them.

Romanian woman gives a birth for free in Serbian hospital and then leaves a baby
Hospital staff in the northern Serbian town of Pozarevac where shocked when a Romanian woman entered there, gave birth and then secretly left abandoning the baby.

Arctic opens a new fridge production line in Gaesti
Romanian company Arctic has opened a new fridge production line in the town of Gaesti in the south of the country.

Romanian businessmen discuss cooperation with Oman
Businessmen representing Romanian companies will stay in Oman for two days discussing possible ways of cooperation between the two countries.

Serbia is a homeland of vampires, not Romania, claims American journalist
An American journalist has revealed the homeland of vampires is Serbia, not Romania.

Simona Halep wins a tournament in Sofia
Romanian tennis star Simona Halep has won the WTA tournament in Sofia, the capital of Bulgaria.

Emil Constantinescu meets president of Azerbaijan
Former President of Romania Emil Constantinescu has met the president of Azerbaijan Ilham Aliyev in Baku

Architect of Romanian Parliament Palace dies
The Architect of the Parliament Palace in Bucharest has died.


The most popular stories –
last 7 days

Friends and Partners

Cosmo and Nanu