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THE PETROLEUM FIELDS OF RUMANIA

VAST RESOURCES OF OUR NEW ALLY. Rumania is one of tho great petro-leum-producing countries of the world, and Rumanians claim for their product a higher percentage of pure oil than is found in the American,. Galicjan, and Caucasian wells. Although American competition nearly destroyed the industry botw.een. 1373 and 1895, improved methods and legislation favouring tho introduction of for6ign capital enabled it to recover. The industry is carried ou by private producers, as well as by the State, tho American Standard Oil Company being largely interested. In tho early days of the war Rumania was heavily hit, but despite almost constant mmours of its imminent participation in the fray, effected .a remarkable recovery, and the production for last year showed an increase over the previous year. The interruption of transport facilities and the glut of tho available storage accommodation mado tho handling of the additional production a difficult problem. A noteworthy fact was that the increase in the production took place iu spite of the suspension of drilling activity. In certain districts all efforts to. handle tho output had to bo abandoned, and the oil ran to waste. The history of the industry in Rumania during' the Inst decade has been a record of unqualified sucecss. When the output passed the absorbing capacftv of the home market producers lost 110 time in taking concerted steps to find outside markets, and were ably supported by the Government. One half, of Rumania's refined products must seek markets outside, and with the closing of tho Dardanelles the main overseas outlet was cut off. Producers had to fall back upon the northwest outlet into Germany, that country undoubtedly securing _ large quantities from tfus source despite the efforts of tlie Rumanian Government to prevent

Coal deposits are largely worked. Tho chief beds, those in the Gorjin district, are leased until 1975,, ro_ an English capitalist, who lias the right to construct railways. Iron, copper, lead, mercury, cinnabar, cobalt, nicltle, sulplutr. and arsenic also occur. Deposits of' rocksalt, a valuable Government monopoly, stretch from tho department of Suceava in northern Moldavia to that of Gorjin in Walachia. There are many marble quarries, aiid it is claimed that the white variety rivals that of Carrara in Italy.

Rumania is one of the great grain countries of the world, and in 1900 ranked third after the United States and Russia, but its relative importance lias since been lessened by tho development of wlieat culture in Canada, Argentina, and elsewhere. Vast harvests of wheat ripen oil the plains and lower hills. Apart from cereals, the principal crops are potatoes, beetroot, and tobacco. Anion?; the wine-produe-insr countries of Europe, Rumania stood, fifth iiv 1900. Sericulture is p "reat industry, of the country, and Rumania is one of the chief purveyors of meat to Austria, Germany, -and Holland.

The nopulation of Rumania is about fi.000.000. In addition there are 1,000.000 Rnm.n7i.lns in Russia (Bessarabia), and 3,600,000 mi Aust''ia-TTun>Tarv rrransyl'-mia and Bukowina), whilst in the Balkan v°ninsiila there are a million 7>iore. Tims there are .nearly 1i.000,001 neople. belonging: to this and tliev all anlentlv long for the rise of a. Greater Rumania.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/DOM19160916.2.65

Bibliographic details
Ngā taipitopito pukapuka

Dominion, Volume 9, Issue 2878, 16 September 1916, Page 10

Word count
Tapeke kupu
526

THE PETROLEUM FIELDS OF RUMANIA Dominion, Volume 9, Issue 2878, 16 September 1916, Page 10

THE PETROLEUM FIELDS OF RUMANIA Dominion, Volume 9, Issue 2878, 16 September 1916, Page 10

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