Energy
Amerocap Evaluating Investments in Port of Constanta
Amerocap, a US-based investment firm, which supported Chimcomplex’s acquisition of Oltchim assets, is seeking expansion of its own private equity investment activity and evaluating investmen...
Romania Extends Agreement With ExxonMobil And OMV Petrom By 15 Years, Until 2045
Romania’s Government on Wednesday approved a decision extending by 15 years, until 2045, its agreement with ExxonMobil and OMV Petrom on the Neptun Deep natural gas perimeter in the Black Se...
Garanti Bank, IFC Sign EUR55M Loan Agreement to Support SMEs, Energy Efficiency in Romania
Lender Garanti Bank on Tuesday signed a loan agreement for EUR55 million with International Finance Corporation (IFC), a member of the World Bank Group, for the funding of small and medium s...
Romania To Cap Electricity, Natural Gas Prices for Households Until 2022
Electricity and natural gas prices for household consumers will be kept unchanged until 2022 under provisions of a government decree and secondary legislation issued by the country's energy...
Romanian Energy Companies Expect Loss, Staff Cuts Over Additional Energy Tax
Energy companies in Romania expect losses and are considering staff cuts due to an additional tax the government decided to levy on the energy sector via emergency decree passed in December...
Uztel Ploiesti Shareholders Approve Contracting of RON9.5M Loans
Shareholders of Romanian oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) on Monday approved company plans to contract two loans totaling RON9.5 million from First Bank to refinance a...
Romgaz Seeks International Expansion via SOCAR Partnership
Azeri oil company SOCAR is interested in partnering with Romanian Romgaz to explore and exploit offshore Black Sea natural gas, besides involvement in the Trans-Anatolian Natural Gas Pipelin...
Romania’s Energy Crisis a Result of a Decade of Missed Investment Opportunities
Romania missed almost EUR7 billion in energy investments in the past ten years: reactors 3 and 4 of the Cernavoda nuclear plant delayed indefinitely, gas and coal-fired power plants, cogener...
Oltchim Left with 177 Employees after Asset Sales
State-owned chemical plant Oltchim Ramnicu Valcea (OLT.RO) currently has 177 employees after selling most of its assets to Chimcomplex Borzesti and Dynamic Selling Group in December 2018.