Senior Editor
Roxana Petrescu
- Fields
- Energy, Companies, Retail&Consumer
- Writing for ZF since
- 2011
- Articles
- 175
Electrica Has To Recoup EUR380M, But Borrows To Finance Its Activity
Electrica, the only electricity distribution and supply company still in the portfolio of the Romanian state, says it has to recoup RON1.6 billion (EUR380.9 million) from companies to which...
Black Sea Depths To Claim $2.5 Billion For Exploration Alone
The Black Sea depths are becoming the busiest battleground for the world’s oil giants, which have so far announced plans to spend $2.5 billion to explore this unknown area. Early next year,...
Battle Starts Over Romania’s Resources
ExxonMobil hopes that along with Petrom, Romania’s largest company, it will join the exclusive club of prospectors of the sea depths, through their operations in the Neptun block in the Blac...
Three-Year Wait Is Over As EUR10B Green Energy Support Scheme Kicks In Next Week
The support scheme granting over EUR10 billion in aid to green energy investors will enter force next week (October 24 through October 30), a moment awaited by investors in the sector for th...
Lactalis Presents Strategy For LaDorna
Lactalis Romania, the local unit of the French giant that owns since 2008 LaDorna, one of the best-known dairy brands on the local market, has for the first time revealed its development str...
The EUR25B Question: Who Takes Care Of The 100 Leading Exporters?
Neither the government, nor the Economy Ministry could answer a ZF request for a list of the 100 largest exporters in Romania, the value of their exports and their performance in the first s...
Oil Price Decline Had No Effect On Fuel Prices In Romania
The price of the oil barrel has fluctuated heavily in 2011; from a peak of $114.53 in April, it plunged to $76.39 at the beginning of October. This trend, however, did not induce any respons...
Energy Project Delays Drive Romanian Experts Abroad
More and more energy specialists are choosing to leave Romania in search of higher pay and because only a handful of new investments in this sector that might have required their expertise h...
2011 Energy Investments: EUR2B In Wind Parks And First Gas-Fueled Power Station Since ’90
Energy investments completed in Romania in 2011 make it the best of the past 20 years, as the value of new electricity projects is around EUR2 billion.
Black Gold Rush On Black Sea
The success rate for deep hydrocarbon exploration is 10%-20%; the rest is risk in the billions of euros. This year, two international giants and Romania's largest oil and gas producer OMV Pe...
Inefficient Administration Causes Romania EUR1.3 Billion Losses Every Month
The flawed state management translates into losses of EUR1.3 billion each month (EUR18 billion per year) as Romania lacks three main abilities: the skill to attract EUR400 million that it sh...
Lukoil Accepts Black Sea Challenge, Earmarks $300M For Exploration
The depths of the Black Sea lure another major oil company after Petrom and ExxonMobil, as Russian-held giant Lukoil announces it is ready to invest up to $300 million in exploration. The Bl...