Government Prepares €2 Billion Aid for Energy-Intensive Industry as Global Oil Production Hits Historic Lows — NRG-IA

€2 Billion Aid for Large Industrial Consumers The Romanian Government has drafted a normative act providing a cumulative state aid of €2 billion for energy-intensive industrial consumers. According to data published by Economica.net and e-nergia , the support scheme will run until 2030 and aims to partially compensate the electricity bills of large factories. A key condition for accessing these funds is that beneficiaries must actively invest in utilizing renewable energy sources. Global Oil Market Shocks: OPEC and Russia Record Massive Declines While Romania seeks solutions to protect its industry, the global hydrocarbon market is experiencing a severe supply contraction. According to a survey cited by e-nergia , OPEC's oil production dropped dramatically in March, reaching its lowest level since the peak of the COVID-19 pandemic (June 2020). The decline is attributed to major geopolitical tensions in the Middle East. Simultaneously, HotNews.ro reports that Russia is forced to…