Energy
Transelectrica Signs Contracts to Build Cernavoda – Stalpu Power Line
Romanian state-owned power grid operator Transelectrica (TEL.RO) said Tuesday it has signed an execution contract to build an internal line between Cernavoda and Stalpu, financed from Europe...
Rompetrol Rafinare Invests USD2.3M In Vega Refinery Upgrades
Rompetrol Rafinare (RRC.RO), a member company of the KMG International Group, has launched a new fully automated vapor recovery unit at the auto and rail loading points in the Vega refinery....
Nuclearelectrica CEO Appointed on World Association of Nuclear Operators Governing Board
Cosmin Ghita, CEO of Romanian state-owned nuclear power producer Nuclearelectrica, has been appointed as governor on the World Association of Nuclear Operators (WANO) Governing Board startin...
MOL's Gasoline Sales in Romania Grow 12% in 3Q/2019
Gasoline sales in Romania of Hungary’s oil group MOL grew nearly 12% on the year in the third quarter pf 2019, to 47,000 tons, while diesel sales grew 7.5%, to 156.000 tons, the company said...
OMV Petrom Net Profit Grows 3% YoY To RON2.8B In Jan-Sept 2019
OMV Petrom (SNP.RO), the largest Romanian oil and gas company, on Wednesday reported consolidated sales of RON18.2 billion for the first nine months of 2019, up 13% on the year, and a net pr...
Petrom Shares Reach Five-Year High Ahead of 3Q Earnings Report
Shares of oil and gas company OMV Petrom (SNP.RO) grew 1.63% on the Bucharest Stock Exchange Tuesday, hitting a five-year high of RON0.437 per share, a level last reached on October 30, 2014...
Mol To Focus More on Consumer Services and Its Fresh Corner Brand
Fuel retailer Mol plans to focus more on consumer services in its filling stations, especially through its Fresh Corner brand, seeking to make 30% of its profit margin from these services by...
Romgaz, SOCAR Sign Oil & Gas Upstream Cooperation Agreement
Romania's state-owned natural gas producer Romgaz (SNG.RO) and Azeri state-owned oil company SOCAR have signed an agreement pledging to cooperate in oil and gas upstream projects (exploratio...
MOL Romania Continues Expansion, Opens Eight Filling Stations In 2019
MOL Romania has continued the expansion of its filling station network and opened eight new units in 2019, of which two operated directly, in Targu-Mures and Comanesti, respectively, and six...