Energy
Oltchim Posts Gross Profit of RON102.7M in 1H, 20% Growth in Turnover
Romanian state-owned chemical plant Oltchim Ramnicu Valcea (OLT.RO) on Monday reported a gross profit of RON102.7 million for the first half, 2.8 times higher than in the same period last ye...
Oil Terminal Posts RON1.07M Loss in 1H/2018
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) on Monday reported a net loss of RON1.07 million for the first half of 2018, compared with a net profit of RON11.4 mill...
Romania’s Natural Gas Pipeline Network Grows By A Mere 800 Km/Year
Romania is the fourth largest natural gas producer in the EU, but three million homes do not have access to natural gas for heating because the pipeline network is really slow to expand.
Hidroelectrica Posts 34% Growth in Net Profit in 1H, to RON962M
Romanian state-run hydropower generator Hidroelectrica reported a net profit of RON962 million for the first half of 2018, up 34% compared with the same period last year, the company said Tu...
Enel Ends H1 With 11% Growth In Revenue In Romania
Italian-held utility giant Enel ended the first half with EUR614 million revenue from the Romanian operations, 11% more than in the year-ago period, its first half report shows.
Romania Carries Out RON166M Power Grid Investments In 1H/2018
Investments in Romania’s electricity grid reached a total RON166 million in the first half of 2018, as per a report of the country’s Economy Ministry released Friday, which focuses on the im...
Black Sea Oil & Gas Completes Black Sea Midia Block Drilling, Discoveries Not Viable
Black Sea Oil & Gas SRL (“BSOG”) and its co-venture partners have completed a two-well exploration drilling program in the XV Midia block, offshore in the Black Sea, but the gas discoveries...
Romanian OMV Petrom Posts RON1.7B Operating Profit in 1H/2018
Romania's largest oil and gas company OMV Petrom (SNP.RO), controlled by Austria's OMV, on Thursday reported a net profit of RON1.7 billion for the first half of 2018, similar to the profit...
Fondul Proprietatea Urges Government to Pull Bill Capping Gas Prices
Romanian investment fund Fondul Proprietatea (FP.RO) calls on the government to pull its draft decision capping the price of natural gas from domestic output, saying such a measure would bre...