Energy
OMV Petrom Completes EUR19M Investment in Arad Fuels Terminal
Romania's oil and gas company OMV Petrom (SNP.RO) has invested around EUR19 million in the modernization of its fuels terminal in Arad, western Romania, the second largest in the country, wi...
Rompetrol Rafinare Posts $14M Net Loss in 1Q/2019
Rompetrol Rafinare, part of KMG International, on Wednesday reported a net loss of $14 million for the first quarter, compared with a net loss of $3.7 million in the first quarter of 2018.
Transelectrica Net Profit Drops 44% in 1Q, to RON38M
Romanian state-run power grid operator Transelectrica (TEL.RO) on Wednesday reported total revenues of RON648 million for the first quarter, down 5% on the year, and a net profit of RON38 mi...
Romgaz 1Q Net Profit Grows 16.2%, to RON541.9M
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) on Wednesday reported a net profit of RON541.9 million for the first quarter of 2019, up 16.26% compared with the same period la...
Electrica Switches to RON41M Loss in 1Q/2019
Romanian state-owned energy utility group Electrica (EL.RO) on Wednesday reported a net loss of RON41 million for the first quarter, compared with a net profit of RON59M in the same period l...
Nuclearelectrica Denies Additional Dividends to Romanian Government
Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) said Monday it was not in a position to pay the government additional dividends from its reserves.
Romania, Chinese Investors Sign Preliminary Agreement to Build Nuclear Units 3, 4 in Cernavoda
Romania's nuclear power producer Nuclearelectrica (SNN.RO), operator of the power plant in Cernavoda, China General Nuclear Power Corporation and CGN Central and Eastern Europe Investment si...
Transgaz SA, Black Sea Oil&Gas Sign MoU On Development Of Gas Transmission System For Midia Project
Romania's natural gas transmission company Transgaz (TGN.RO) and Black Sea Oil & Gas (BSOG), owned by Carlyle International Energy Partners and EBRD, signed on May 6 a Memorandum of Understa...
Government Claims 35% of Nuclearelectrica's Reserves
The Romanian government has required state-owned nuclear power company Nuclearelectrica to give it 35% of the amounts set as other reserves either as dividends or payments to the state budge...