Market Size of Romania Oil and Gas Downstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Romania Oil & Gas Downstream Market Analysis
The Romanian oil and gas downstream market is expected to witness a CAGR of more than 2%, during the forecast period of 2020 - 2025. Factors, such as upgradation of the current downstream infrastructure and increasing investment in the refining and the petrochemical sectors, are expected to drive the market studied. However, on the flip side, there has been a decrease in the oil processing capacity from 35 million metric ton in 2000, to 13.5 million metric ton in 2018, due to less oil and gas processing infrastructure in the country. This, in turn, is expected to restrain the market, during the forecast period.
The petrochemical segment is expected to be the most significant sector, due to the industrialization of the chemical industry, during the forecast period.
Digitalization and modernization of the refining and petrochemical sectors are expected to reduce the refining costs and process losses. This, in turn, is expected to create an opportunity for the market in the future.
