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Extraction of crude petroleum and natural gas, Industry Analysis, Romania, 2016

The Extraction of crude petroleum and natural gas industry in Romania was represented by 46 companies at the end of 2016, compared to 46 in the previous year and 48 in 2014.

The industry's net profit amounted to RON 1,183,237,598 in 2016.

The industry's total revenue was RON 19,094,224,747 in 2016, down by 13.04% compared to the previous year.

The combined costs of the companies in the Extraction of crude petroleum and natural gas industry reached RON 17,508,778,162 in 2016, down by 25.15% year-on-year.

The industry's total revenue makes up 2.05% to the country's Gross domestic product (GDP) in 2016, compared to 2.55% for 2015 and 3.02% in 2014.

A total of 21,599 people were employed in the Extraction of crude petroleum and natural gas industry in 2016, compared to 22,789 in 2015 and 25,122 in 2014.

Most of the companies in the industry are based in Bucharest, followed by Prahova and Salaj.

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