Energy
OMV Petrom Shareholders Approve RON4.17B Investment Budget For 2019
Shareholders of OMV Petrom (SNP.RO) approved Friday, within their ordinary general meeting, the company’s budget for 2019, which envisages investments of approximately RON4.17 billion in 201...
Black Sea Oil & Gas Gets Approval To Develop Ana And Doina Natural Gas Fields
Romania-based Black Sea Oil & Gas (BSOG) and its co-venture partners, Petro Ventures Resources SRL and Gas Plus International, have received the approval of the Romanian Government, through...
Delgaz Grid Invests RON7M In Equipment For Detecting Gas Leaks From Distribution Grids
Delgaz Grid, the natural gas and electricity distribution company of Germany’s E.ON Group in Romania, budgeted investments of over RON7 million for the acquisition of devices that detect has...
OMV Petrom Hydrocarbon Output Falls Slightly In 1Q/2019
OMV Petrom's total hydrocarbon output decreased slightly in the first quarter of 2019, to 153,000 barrels a day (boe/d), compared with 156,000 boe/d in the fourth quarter of 2018 and 162,000...
MOL Romania Invests EUR270,000 In Miercurea Ciuc County Emergency Hospital
MOL Romania, the local division of Hungarian oil group MOL, is investing EUR270,000 in medical equipment that is to be assigned to Miercurea Ciuc County Emergency Hospital.
Romania's Transgaz Drops S&P Services, Signs on with Fitch
Romanian state-run natural gas transmission company Transgaz Medias (TGN.RO) said Friday it has terminated its rating services contract with S&P Global Ratings and signed a new one with Fitc...
FP Won't Sell Hidroelectrica Stake, Legislative Uncertainty Deters Investors
Fondul Proprietatea (FP.RO) won't be selling its stake of nearly 20% in hydropower plant Hidroelectrica for the time being, as legislative changes have deterred potential buyers.
Antitrust Body Looks into Alleged Rigged Bids for CE Oltenia's Tenders
Romania's antitrust authority is investigating allegations of rigged bids to tenders held by state-owned energy holding CE Oltenia for the acquisition of rollers and other parts for conveyor...
Romanian Government Adopts Changes to Tax Decree
Romania's government on Friday adopted a new emergency decree amending controversial legislation passed in December 2018 taxing the banking, energy and telecom sectors.