Sterling To Pay Romania Oil Dues Worth 3.5%-13.5% Of Gross Prod
15:15, 06 Feb. 2009
Canadian company Sterling will pay the Romanian state quarterly oil dues between 3.5% and 13.5% of the value of gross production of crude oil and gas, depending on the volume of production, computed based on reference prices set up by Romania’s Mineral Resources Agency ANRM, according to the Oil Law.