Energy
E.ON Energie Romania To Build EUR630,000 Solar Power Station For Romanian Firm Don Pedro
E.ON Energie Romania will build a photovoltaic power station for Romanian company Don Pedro, one of the largest players on the local tissue paper market, within an investment worth EUR630,00...
OMV Petrom Hydrocarbon Output Drops 2.65% in 2Q/2020
OMV Petrom (SNP.RO), the largest Romanian oil and gas company, said Thursday in a report its total hydrocarbon production stood at 147,300 boe/day in the second quarter compared with 151,300...
Socar Gets Antitrust Clearance to Lease Five Gas Stations from Ipeco
Romania's antitrust body on Wednesday said it has authorized a long-term lease of five filling stations in Gorj county, southern Romania, by Azeri oil company SOCAR from Ipeco SA.
E-Distribuție To Install 80,000 Smart Meters In Bucharest, Giurgiu, Ilfov In 2020
Some 900,000 customers of the companies part of Italy’s utility group Enel will have smart meters until the end of 2020, with investments in this program reaching nearly EUR51 million (some...
Transgaz Seeks RON300M Working Capital Loan
Romania's natural gas transmission company Transgaz (TGN.RO) plans to borrow RON300 million for a two-year period to finance its working capital.
Romania's Electricity Market Seen Nearing RON42B in 2020
Romania's electricity market, including production, transport, trade and distribution, is estimated to near RON42 billion this year, after an estimated RON41 billion in 2019 and over RON40bi...
Bucharest Court Dismisses SAPE's Claim of EUR800M from Electrica
The Bucharest Court has issued a definitive ruling dismissing a claim by Romania's Energy Shareholdings Administration Association (SAPE) of EUR800 million from utility group Electrica.
Lukoil Romania Posts RON7.6B Turnover in 2019
Lukoil Romania, one of the leading players on the local oil market, posted a turnover of RON7.6 billion in 2019, up 6% on the year, finance ministry data showed.
E.ON Invested EUR1.7B in Romania Network Upgrades by End-2019
German utility group E.ON, operating in Romania via Delgaz Grid and E.ON Energie Romania, has invested EUR1.7 billion on the local market in the past 15 years to upgrade distribution network...