Energy
Competition Council Looks Into Valahia Gaz Takeover By AIK Energy LTD
Romania’s Competition Council on Wednesday said it is looking into a transaction whereby AIK Energy LTD is acquiring the company Valahia Gaz SRL.
Energy Regulator: Romania Natural Gas Market To Be Fully Deregulated On April 1, 2021
Romania’s natural gas market will be completely deregulated on April 1, 2021 and the electricity market on July 1, 2021, and regulated prices will be eliminated including for household consu...
Rompetrol Opens New Fuel Station Under Rompetrol Partner Franchise In EUR1M Investment
Rompetrol Downstream, the retail division of KMG International Group in Romania, has recently opened a new fuel station under the Rompetrol Partner franchise, in the town of Cugir (Alba Coun...
EDP Renovaveis Builds Second Battery-Based Energy Storage Facility In Romania
Energias de Portugal Renovaveis (EDPR), the third largest renewable energy investor in Romania and the leading wind power investor in Romania, is building in Romania the second battery-based...
Mircea Cosea Named Chairman Of Transelectrica Supervisory Board
Mircea Cosea, aged 77, a professor at the Bucharest University of Economic Studies (ASE), has been elected Chairman of the Supervisory Board of Romanian state-run power grid operator Transel...
OMV Petrom's Hydrocarbon Output Drops 6.25% in 3Q/2019
OMV Petrom (SNP.RO), the largest Romanian oil and gas company, said Wednesday in a report its total hydrocarbon production stood at 150,000 boe/day in the third quarter compared with 160,000...
OMV Petrom Announces Discovery Of New Hydrocarbon Resources In Oltenia Region
OMV Petrom, the largest oil and gas producer in Southeastern Europe, on Tuesday announced the discovery of new hydrocarbon resources in Oltenia region (Gorj county), in the proximity of prod...
Nuclearelectrica, Falcon Consortium Sign MoU to Develop New Type of Nuclear Reactor
Nuclearelectrica (SNN.RO), operator of Romania's sole nuclear power plant, said Monday it has signed a memorandum of understanding with the Falcon consortium regarding the cooperation for th...
Court Overrules Electrica's Appeal to Oltchim's Bankruptcy
The Pitesti Court of Appeals has overruled as unfounded Electrica's opposition to the opening of bankruptcy procedures for chemical plant Oltchim Ramnicu Valcea. The ruling is final.