Energy
Electrica Posts 3% Drop in Net Profit in 2017, to RON257M
Romanian energy utility Electrica (EL.RO), 48.78% owned by the Romanian state, on Thursday reported a 3% drop in net profit for 2017, to RON257 million.
Transgaz Net Profit Grows 1.3% in 2017, to RON602M
Romanian state-owned gas pipeline operator Transgaz (TGN.RO) on Thursday reported a net profit of RON602 million for 2017, 1.3% higher compared with a net profit of RON593 million reported i...
Fuel Retail Close To EUR10B Record High In 2017
Romanians bought 44.3 billion lei (some EUR9.6 billion) worth of gas and diesel from the 2,100 filling stations in the country in 2017. This is the highest spending ever, higher than the 200...
Oil Terminal Net Profit Down 70% in 2017, to RON5M
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) posted a net profit of RON5 million in 2017, 70% lower than in 2016, and its turnover was 1.6% lower, at RON158 million...
Romanian Transgaz, Slovak Eustream Agree To Appraise Eastring Project Development
Romanian natural gas transmission company Transgaz (TGN.RO) and Slovakia's natural gas transmission company Eustream agreed to cooperate with other operators to appraise possibilities for th...
Transgaz Plans to Invest EUR1.6B in Next 8 Years
Romania's natural gas transmission company Transgaz (TGN.RO) will develop nine investment projects totaling EUR1.6 billion by 2026, company general manager Ion Sterian said Monday at the 10t...
The Black Sea Trade and Development Bank Finances Development Of Greece’s Energy Potential
The Black Sea Trade and Development Bank (BSTDB) provided a loan of up to $52.5 million to Energean Oil & Gas, a Greek exploration and production company to accelerate the development of Gre...
OMV Petrom Invests EUR18M In Largest Fuel Depot In Western Romania
Romania's oil and gas company OMV Petrom (SNP.RO), controlled by Austria's OMV, has started the construction of the biggest fuel depot in western Romania, in Arad, within an investment of ov...
Transelectrica To Receive EUR27M From EC To Develop Cernavoda-Stalpu Energy Project
Romanian state-run power grid operator Transelectrica on Friday said it would receive non-reimbursable financing of EUR27 million from the European Commission in order to build the 400 kV Ce...