Black Sea Oil & Gas project to go ahead despite disputed tax

Bucharest - Black Sea Oil & Gas is pressing ahead to be the first company to tap Romania's offshore gas fields despite a disputed tax that has stymied other projects, but if the levy remains it could impact its operations in the country, its CEO said.

“The start of production is not contingent on the legislation being repealed, but it does have an impact on how BSOG further engages in Romania,” CEO Mark Beacom told Reuters. He added BSOG was analysing renewable-energy projects using its existing infrastructure, including onshore solar and wind parks and an offshore pilot green hydrogen power plant.

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