Energy
Fuel Trader Artoil Revenue Up 73% To RON352M In 2017
Timisoara-based fuel trader Artoil, saw its revenue up 73% to 352 million lei (EUR76 million) in 2017. This is not the first surge in revenue, which has actually been rising fast since the e...
Romgaz Seeks To Withdraw from Two Blocks in Slovakia
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) has called a shareholders' assembly for May 22 to seek to withdraw from two blocks in Slovakia and to take over an 8.3% stake in...
Transgaz Proposes Hiking Dividends For FY 2017
The Romanian state proposes the granting of a gross dividend higher than the level proposed by the Executive Board of natural gas transmission company Transgaz (TGN.RO).
Transgaz Consortium Gets Outbid for Greek DESFA Privatization
A consortium of Italy's Snam, Spain's Energas, and Belgium's Fluxys have outbid Romania's Transgaz, Spain's Regasificadora del Noroeste, Reganosa Asset Investments, and EBRD for the privatiz...
Transelectrica Appoints Provisional Supervisory Board Chairman
The supervisory board of Romanian state-run power grid operator Transelectrica (TEL.RO) has appointed Gheorghe Olteanu as provisional supervisory board chairperson, the company said in a sta...
Transgaz Starts RON288M Works On Three Gas Compressor Stations Within BRUA Project
Romanian natural gas transmission company Transgaz (TGN.RO) on Monday said it will start works on three natural gas compressor stations at Podisor, Bibesti and Jupa within the project “Devel...
Engie Joins Euro Billionaire Club In Romania After 7% Rise In Revenue
French-held utilities group Engie Romania Group, the largest natural gas distributor in Romania, posted consolidated revenue of EUR1.062 billion in 2017, up 7% from the EUR989 million in 201...
E.ON Romania And CERT-RO Sign Protocol To Enhance Cyber Security Of Power Grids
E.ON Romania and the Romanian National Computer Security Incident Response Team (CERT-RO) have concluded a collaboration protocol in order to enhance the cyber security of power grids, the c...
OMV Petrom Starts Turnaround At Petrobrazi Refinery
Romania's oil and gas company OMV Petrom (SNP.RO), controlled by Austria's OMV, will start works for the periodical turnaround of Petrobrazi Refinery, on April 13, which will cost over EUR45...