As a country with large energy reserves, Romania attracts attention and an exciting country in the European continent. When we consider the Balkans region, Romania is in a different position than other countries in terms of energy. Romania, which has a different role and is less dependent on foreign energy, is certainly worth studying.
Although the reserves of countries in Europe such as Norway and Great Britain are much larger, Romania stands out in this regard both with the energy-friendly policies implemented in recent years and with the discoveries made in the Black Sea. According to Deloitte's report in recent years, every billion-dollar investment made in energy contributes 3 billion dollars to the Romanian economy. This reveals the importance of energy in the Romanian economy. Studying Romania will help us better understand the energy needs of the European continent.
The first thing we need to examine may be why Romania, which does not fit the definition of a green country, unlike other examples, has turned to green policies. One of the most important things that push Romania to an energy-friendly policy is that oil production in the country, which started in the 1850s, will soon end. The government, whose reserves are significantly reduced, is therefore turning to alternative energy sources.
At the same time, they want to reduce their energy consumption by turning to projects such as isolating old buildings. When saving is applied, very beneficial results can be obtained almost always. At this point, it is vital to understand the importance of saving not only when our reserves are running out but when reserves are at their highest level.
Another primary reason behind energy-friendly policies is a foreign dependency on energy. Although Romania provides a significant part of its energy needs from its own energy resources, it cannot meet all its needs on its own. This situation leaves Romania dependent on countries like Russia, especially in products such as oil. Russia's regional aggressiveness and its aggression in Ukraine in recent years reduce the trust in Russia. However, we should not forget that Russia wants to have a say in energy in the Black Sea, especially after the annexation of Crimea. Considering that Romania also has energy activities in the Black Sea, we can understand why it is disturbed by this situation.
Romania is also involved in nuclear energy production. There are two nuclear energy reactors, and these reactors meet a significant part of the country's energy needs. Romania started using nuclear energy in 1993 by opening the first nuclear power plant. Since 1993, many plans have been made for new reactors in this area, but these plans have often been canceled. The reasons behind this can be listed as the dangers of nuclear energy and the high cost. At this point, it is quite possible to say that Romania will turn to this field in the coming years. We can see the rising nuclear trend in the world, especially in developing countries, also in Romania. Romania hopes to make greater use of nuclear energy by installing power plants around the country's major rivers. The United States also supports Romania's development in nuclear energy. So much so that he even provided financial aid to the researchers whose purpose is to establish new nuclear power plants. The US and Romania aim to reduce carbon dioxide emissions by increasing the use of nuclear energy.
Romania's relations with Turkey in the field of energy emerges as a subject worthy of study. Romania welcomes recent discoveries made in Turkey in the Black Sea. This is because Romania is pleased to draw attention to the Black Sea in the energy market. Turkey has made significant discoveries, and it was of great benefit in attracting attention to the Black Sea. Romania can also play an essential role in the energy projects led by Turkey.
They may help Turkey to reach the European market. It is well known that Azerbaijan and Turkey have many different projects that aim to reach new markets to market the energy resources Azerbaijan has. It is unknown what the next years will show, but as long as attention is drawn to the Black Sea, it seems so likely that the two countries will have closer relations and enter into some partnerships in the field of energy.