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How about Moldova? They seem to be the forgotten country in Europe - even less attention is paid to them that to Belarus or Albania, and it is much, much poorer than either.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Migeru (migeru at eurotrib dot com) on Tue May 27th, 2008 at 03:39:12 AM EST
[ Parent ]
Has Romania still got those oilfields I remember from wwII documentaries or are they all drilled out?

Moldova being essentially Romanian anyway (except Transnistria) maybe a closer relationship with Romania would be possible?

Mind you, I have not followed Moldovan politics after the Transnistrian break-away so I do not know anything about present-day relations to Romania.

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by A swedish kind of death on Tue May 27th, 2008 at 08:22:47 AM EST
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Romania is pretty much down, peaked ages ago, but with current prices anything is possible. They are even drilling in Austria again!

As a matter of fact, Romanian production could well be increased, even if they'll never return to peak production, if new investments are done to update the ancient equipment, put new competent engineers in charge, redrill old wells and drill new ones etc.

A Swedish company is doing that very thing.


Well, it's Ukraine now but used to be Romania.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Tue May 27th, 2008 at 08:42:35 PM EST
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Have they done secondary recovery? i.e. water injection, or tertiary recovery?  Usually at most 40-50% of total reserves can be extracted without secondary recovery.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu May 29th, 2008 at 12:37:27 AM EST
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