Energy
OMV Petrom Raises RON446M from Investors in Share Capital Increase
OMV Petrom (SNP.RO), the only local oil and gas producer, has announced the completion of its share capital operation, which enabled it to raise RON446 million from investors, the company sa...
ROMGAZ And SOCAR Plan To Build Liquefied Natural Gas Plant At The Black Sea
Romanian natural gas producer and supplier ROMGAZ (SNG.RO) on Wednesday (Oct 19) concluded a Memorandum of Understanding with SOCAR, the state-run oil company of the Republic of Azerbaijan,...
Alro Slatina Calls Shareholders To Approve Setup Of Joint Venture Alongside CE Oltenia
Shareholders of aluminum producer Alro Slatina (ALR.RO) are expected to approve in their Extraordinary General Meeting due on Nov 23 the company’s contribution in cash, in the amount of EUR4...
CE Oltenia to Own 59.9% in Builder of Isalnita Gas-Fired Plant
CE Oltenia will hold 59.9% in the company that will build the gas-fired power plant in Isalnita, representing a contribution of EUR65 million to the project, and the selected investor, Alro,...
Electrica Furnizare To Install Photovoltaic Panels For Transavia
Transavia, the largest poultry producer in Romania, has announced the conclusion of a partnership in the field of green energy with electricity supplier Electrica Furnizare, part of Electric...
Nuclearelectrica Reconnects Cernavoda Unit 1 To National Power Grid
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report on Monday (Oct 17) that Unit 1 was reconnected to the national power grid on the evening of October 1...
Romania Final Electricity Consumption Down 5.3% in Jan-Aug 2022 from Year-Earlier Period
Final electricity consumption in the first eight months of 2022 was 5.3% lower than in the same period of 2021, as consumption in the economy went down by 4.5%, household consumption dropped...
Romania Approves EUR1.5B State Aid For Energy-Intensive Companies
The Romanian Government on Wednesday (October 12) adopted, at the proposal of the Ministry of Energy, an emergency ordinance on establishing a state aid scheme of EUR1.5 billion, for the per...
OMV Petrom To Invest EUR130M In New Aromatic Products Unit At Petrobrazi refinery
OMV Petrom, the largest integrated energy company in South-Eastern Europe, said in a stock market report on Wednesday (October 12) that it would invest almost EUR130 million in the next thre...