Energy
Transgaz Gets Green Light to Start Work on EUR360M Black Sea Gas Pipeline
Romania's natural gas transmission company Transgaz (TGN.RO) has obtained the right to start works on the Black Sea - Podisor Pipeline that will receive gas from the Black Sea.
Romania's Unit 2 of Cernavoda Nuclear Power Plant Starts Planned Outage Friday
Romanian nuclear power plant operator Nuclearelectrica will shut down Unit 2 of the power plant in Cernavoda Friday for a planned outage program estimated to last 32 days.
MOL’s Diesel Sales In Romania Up 2.5%, Gasoline Sales Slightly Lower YoY In 1Q/2019
Diesel sales in Romania of Hungary’s oil group MOL grew 2.5% to 124,000 tons in the first quarter of 2019, from 121,000 tons in the same period in 2018, while gasoline sales saw a slight dec...
Petrom: Romania Was Net Power Importer In 1Q/2019; National Production Down 11% YoY In 1Q/2019
Romania became a net power import in the first quarter of 2019, which is a first for the Romanian market, considering the problems in the field of production, OMV Petrom, the largest oil and...
Petrom: Legislative Environment Fails To Provide Necessary Premises For Neptun Deep Investment Decision
The current legislative environment does not provide the necessary prerequisites for a multi-billion investment decision regarding Neptun Deep natural gas perimeter, OMV Petrom said Friday i...
OMV Petrom Sales Up 11% YoY To RON5.4B; Net Profit Up 35% YoY To RON1.15B In 1Q/2019
Romania's oil and gas company OMV Petrom (SNP.RO) on Friday said its total sales, excluding petroleum excise tax, reached RON5.42 billion in the first quarter of 2019, up 11% compared to the...
Chimcomplex Becomes Romania's Largest Exporter after Acquiring Oltchim Assets
Romanian chemical producer Chimcomplex said Thursday it has become the country's largest exporter and its turnover grew to RON343.3 million in the first quarter, 4.6 times higher than in the...
Nuclearelectrica Targets RON2.46B Revenue, RON350M Net Profit In 2019
Romanian nuclear power company Nuclearelectrica (SNN.RO) budgeted revenue of RON2.46 billion for 2019, up 8% compared with the revenue reported a year before, and a net profit of RON350 mill...
Power Holding CE Oltenia Targets RON1B Profit in 2019, Will Shed 200 Employees
Romanian state-owned energy holding CE Oltenia targets a profit of RON1 million this year after laying off 200 employees.