Energy
E.ON Completes EUR1.9M Solar Power Plant in TeraPlast Bistrita Industrial Park
Electricity and natural gas group E.ON Energie Romania, part of German utility group E.ON, said Thursday it has completed the construction of a solar power plant in the industrial park opera...
Oil Terminal Profit Grows 65% in 1H, to RON7.6M
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) on Thursday reported a net profit of RON7.6 million for the first half of 2020, up 64.8% on the year.
Alro Group Profit Triples in 1H/2020, to RON253.6M
Alro Group (ALR.RO), one of Europe’s largest vertically integrated aluminium producers, posted a profit of RON253.6 million in the first half of 2020, triple compared with the same period in...
CEZ in Talks With Best Bidder for Assets in Romania
Czech utility group CEZ said Tuesday it is holding negotiations with the potential buyer who has submitted the best bid in the process for the sale of the group's assets in Romania.
CEZ In Exclusive Talks With Macquarie Infrastructure and Real Assets To Sell Romanian Operations
Czech utility group CEZ has entered into exclusive talks with Macquarie Infrastructure and Real Assets (MIRA), world's largest infrastructure asset manager, to sell its Romanian operations,...
Rompetrol Downstream 2019 Turnover Up 8% To RON11B, Net Profit Up 24% To RON93.9M
Rompetrol Downstream, the retail company of KMG International, ended 2019 with a turnover of RON11.8 billion, up 8% from RON10.9 billion in 2018, per Finance Ministry data.
Romania Seeks to Invest EUR800M in 7 Years to Expand Natural Gas Network
Romania's government plans to invest EUR800 million in the next seven years (2021-2027) to expand the country's natural gas network, according to a draft emergency decree.
Rompetrol Rafinare Completes $1.4M Investment at Petromidia
Rompetrol Rafinare, a member company of KMG International, has completed a new investment project to increase the degree of crude oil processing and optimize operational flows.
Petrotel Lukoil Refinery Turns to Loss in 2019
Petrotel Lukoil, the operator of the refinery in Ploiesti held by Russia’s Lukoil, registered a loss of RON67.6 million in 2019 from a profit of RON4.8 million in 2018, finance ministry data...