Energy
Offshore Bill Modified By MP Committee, Sets Higher Tax Rates For Additional Income
Romanian Lower Chamber MPs modified on Tuesday several provisions of the pending bill which regulates Black Sea offshore exploitations, changing the manner in which investors’ additional inc...
Petrolexportimport Shareholders Approve Company Insolvency
The General Meeting of Shareholders of Romanian fuels wholesaler Petrolimportexport has approved the company's plan to enter insolvency procedures.
Romgaz Extends Mandate Of Its General Manager By Four Years
The Board of Directors of Romania’s largest natural gas producer Romgaz Medias (SNG.RO) has approved a decision to extend for four years the duration of mandate contract of the company's Chi...
Enel Energie Relocates Timisoara HQ to Office Building in Openville Complex
Power utility Enel Energie has relocated its headquarters in Timisoara, western Romania, to the United Business Center 1 (UBC 1) office building in the EUR220 million Openville mixed-use dev...
Eurotransgaz Launches Tender For Ungheni-Chisinau Pipeline
Eurotransgaz, the Moldovan subisidiary of Romania's natural gas transmission company Transgaz, will announce on Friday a tender to award the construction works for Ungheni (Romania)-Chisinau...
OMV Petrom Transfers Nine Onshore Oil and Gas Field Licenses to Mazarine Energy
Romania's oil and gas company OMV Petrom (SNP.RO) has signed an agreement for the transfer of licenses for nine onshore oil and gas fields in Romania to Mazarine Energy Romania S.R.L., a ful...
MOL Romania To Open Three New Gas Stations, In Buzau And Constanta Counties
MOL Romania, the local division of Hungarian oil group MOL, will be opening three new gas stations in the counties of Buzau and Constanta, reaching a 218-unit chain. It will also keep expand...
Romanian Senate Passes Offshore Gas Bill, Rejects President Re-Examination Request
Romania’s Senate passed again on Monday a bill regulating offshore gas exploitations in the Black Sea, in the form amended earlier in the day by an energy and economic committee, following a...
OMV Petrom Shares Gain Almost 11% In One Week, Reach Three-Year High
OMV Petrom (SNP.RO) shares gained almost 11% last week, which is the highest weekly increase since 2005, most likely because of the amendments to the offshore law more in tune with what oil...