Energy
Transgaz Net Profit Drops 30% in 1H, to RON195M
Romania's natural gas transmission company Transgaz (TGN.RO) on Wednesday reported a 30% drop in net profit for the first half of the year, to RON 195 million.
Nuclearelectrica 1H Net Profit Grows 59.4%, to RON290M
Romania's nuclear power producer Nuclearelectrica (SNN.RO), operator of the power plant in Cernavoda, on Wednesday reported a net profit of RON290.66 million for the first half of the year,...
Rompetrol Rafinare Completes $3M Investment in Petromidia Refinery
Rompetrol Rafinare, part of KMG International, has completed an investment of approximately $3 million in the modernization of installations at its Petromidia Navodari refinery, aiming to op...
Ciech Soda Plant in Ramnicu Valcea May Halt Production, Affecting 500 Employees
Ciech Soda Romania, part of Polish group Ciech, announced Friday it was starting preparations to halt production in its Romanian soda factory in Ramnicu Valcea from September 18, 2019.
OMV Petrom Appoints Johann Pleininger as Interim Member on Supervisory Board
OMV Petrom (SNP.RO), the largest Romanian oil and gas company, on Tuesday announced it has appointed Johann Pleininger as interim member of the company's supervisory board after Christopher...
MOL's Diesel Sales Grow 3.1% in 1H in Romania, Gasoline Sales Decline 1.3%
Diesel sales in Romania of Hungary’s oil group MOL grew 3.1% on the year in the first six months, to 262,000 tons, while gasoline sales declined 1.3%, to 77,000 tons, the company said Friday...
GSP Offshore Signs Integrated Services Contract With OMV Petrom
Romanian offshore services company GSP Offshore and oil and gas company OMV Petrom have signed a framework agreement for integrated offshore services of the facilities and equipment of OMV P...
OMV Petrom Sales Grow 15% in 1H, Profit Grows 53%, to RON1.9B
OMV Petrom (SNP.RO), the largest Romanian oil and gas company, on Wednesday reported consolidated sales of RON11.32 billion for the first six months of 2019, up 15% on the year, and a net pr...
Antitrust Body Clears Rohrer Group To Acquire R&R Oil Service
Romania's antitrust body has cleared Rohrer Group to acquire R&R Oil Service – R.O.S. SRL and some assets of RIG Service SA, and of Grup Petrol Marin SA., the institution said Tuesday.