Energy
Rompetrol Rafinare Implements $4.6M LPG Recovery System
Rompetrol Rafinare (RRC.RO), a member company of KMG International Group, said Monday it has successfully implemented a modern system for recovering liquefied petroleum gas at the Petromidia...
Alro Posts RON68M Net Loss in 2019
Alro Group (ALR.RO), one of Europe’s largest vertically integrated aluminium producers, posted a consolidated turnover of RON2.8 billion in 2019, down 7%, and a net loss of RON68 million com...
Romanian Government Authorizes Geotech Investigation in Offshore Midia Block
Romania's interim economy minister Virgil Popescu issued a permit Friday allowing geotechnical investigation for the offshore Midia gas project developed by Black Sea Oil & Gas.
Electromagnetica Turnover Drops 12% in 2019, to RON256M
Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, posted a turnover of RON256 million in 2019, down 12% on the year, while its profit declined...
IAEA Concludes Operational Safety Review of Romania’s Nuclear Power Plant
An International Atomic Energy Agency (IAEA) team of experts has completed a review of long term operational safety at the Cernavoda nuclear power plant in Romania at the request of plant op...
Delgaz Grid Plans to Invest Over RON200M in Gas Network Upgrades in 2020
Delgaz Grid, E.ON's natural gas and electricity distribution company in Romania, plans to invest over RON200 million this year in upgrades to the natural gas distribution network, the compan...
Transgaz Operating Revenue Down 2% To RON1.57B, Net Profit Down 29% YoY To RON349M In 2019
Romania's natural gas transmission company Transgaz (TGN.RO) on Thursday said its operating revenue before the balancing and construction activity fell 2% on the year to RON1.57 billion in 2...
GFG Alliance Pledges to Invest EUR1B in Liberty Galati Steel Mill
GFG Alliance plans to invest EUR1 billion in its Liberty Galati steel mill over the next ten years to significantly reduce carbon emissions and to boost production, targeting to transform th...
Outgoing Economy Minister: ExxonMobil Not Fully Determined To Sell Its 50% Stake In Neptun Deep Project
U.S. ExxonMobil is not fully determined to sell its 50% stake in the Neptun Deep natural gas offshore project, outgoing economy minister Virgil Popescu told Realitatea Plus Monday evening, a...