Energy
MOL’s Diesel Sales In Romania Up 9%, Gasoline Sales Stable In 3Q/2018
Retail diesel sales in Romania of Hungary’s oil group MOL rose 9% in the third quarter of 2018, compared with the previous quarter, reaching 145,000 tons, while retail gasoline sales were st...
OMV Petrom Net Profit Surges 44% To RON2.66B In Jan-Sept 2018
Romania's oil and gas company OMV Petrom (SNP.RO) on Wednesday said its net profit surged 44% year-on-year to RON2.66 billion, in January-September 2018.
CEZ Romania: We’re Starting To Use Romanian Experts For Wind Power Projects In Germany
The most powerful investor in wind power in Romania, Czech-held CEZ energy group, says the people who built the Fantanele-Cogealac project in Dobruja, the largest onshore wind farm in Europe...
EBRD Lends EUR11M to Romanian City Bacau to Modernize Street Lighting
The European Bank for Reconstruction and Development (EBRD) and the Green Energy Special Fund are providing a joint EUR11 million loan to the eastern Romanian city of Bacau for the moderniza...
Petromidia Navodari And Vega Ploiesti Refineries To Undergo Scheduled Maintenance
Rompetrol Rafinare, a company member of KMG International, on Monday said it will suspend until November 15th the activity of the Petromidia refinery and of the petrochemical division, in or...
Oil Terminal Extends RON47M Credit Line by Two Years
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) has extended for two more years a credit line of up to RON47 million it contracted in November 2015.
KazMunayGas, Romanian Government Establish Kazakh-Romanian Energy Investment Fund
KazMunayGas International (KMGI) and Romania's administration of state patricipations in the energy sector (SAPE), which is owned by the Ministry of Energy, on Friday signed the association...
OMV Puts Off Decision On Black Sea Offshore Investments Until 2019
Austria’s energy group OMV has postponed an investment decision on its Black Sea exploration project until next year because the Romanian government took too long to set the framework condit...
Electrica Applies for Court Annulment of Two Energy Regulator Orders
Romanian energy utility Electrica (EL.RO) has applied for the court annulment of two orders by energy regulator ANRE regarding distribution tariffs, the company said in a statement Wednesday...