Energy
OMV Petrom Signs Production Sharing Contract for Block II Offshore Georgia
OMV Petrom, the largest energy company in South-Eastern Europe, said Wednesday it has signed a production sharing contract for the offshore Block II in the exclusive economic zone of Georgia...
BRK Starts Acting as Market Maker for OMV Petrom Shares
BRK Financial Group (BRK.RO), the only brokerage company listed on the Bucharest Stock Exchange, on March 9 started acting as Market Maker for shares of OMV Petrom (SNP.RO), the largest ener...
Electrica Net Profit Grows 87.5% in 2020, to RON388M
Romanian state-owned energy utility group Electrica (EL.RO) on Friday reported a consolidated net profit of RON388 million for 2020, 87.5% higher compared with 2019.
Electrica Group Targets RON712.4M Investments In 2021
The Board of Directors of state-owned energy utility group Electrica (EL.RO), the largest players in the energy services sector, approved on February 26 the consolidated investment plant (CA...
Rompetrol Rafinare Posts RON885M Loss In 2020
Rompetrol Rafinare (RRC.RO), part of KMG International Group, ended 2020 with a loss of USD220.15 million (RON885 million), from a loss of RON49 million (RON197 million) in 2019, and with a...
Romanian Hidroelectrica Seeks To Develop Green Hydrogen Project Jointly With Austrian Verbund
Romania’s Hidroelectrica, the largest electricity producer in Romania, is summoning its shareholders on March 29, 2021, to approve a memorandum with Austria's largest electricity provider Ve...
Alro Switches to RON328.9M Profit in 2020 from 2019 Loss
Alro Group (ALR.RO), one of Europe’s largest vertically integrated aluminum producers, on Friday reported a net profit of RON328.9 million for 2020, compared with a loss of RON44.5 million r...
Romgaz Turnover Drops 19% in 2020, to RON4B, on Lower Gas Sales
Romanian state-owned natural gas producer Romgaz (SNG.RO) on Thursday reported a preliminary turnover of RON4.07 billion for 2020, down 19% on the year, as sales of natural gas dropped 10% i...
Conpet Net Profit Flat in 2020, at RON58.9M
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Thursday reported a net profit of RON58.9 million for 2020, virtually unchanged from 2019, while its turnover declined a sligh...