Energy
EC Refers Romania To Court For Not Implementing EU Rules On Alternative Fuels Infrastructure
The European Commission on Thursday decided to refer Romania and Malta to the European Union’s Court of Justice as the two countries failed to notify their national policy frameworks under t...
Vast Resources Attracts $9.5M Financing for Romanian Investments
British mining company Vast Resources plc has signed a financing agreement for $9.5 million with Mercuria Energy Trading to build its polymetallic mine in Manaila, Suceava county, and restar...
Transgaz Teams Up With Regasificadora del Noroeste To Take Over Greek Gas Pipeline Operator
Romania's natural gas transmission company Transgaz will team up with Spain's Regasificadora del Noroeste SA to acquire a 66% stake in Greece's gas transmission company DESFA.
Petrom Crude Oil Production Fell Slightly In 4Q/2017
Romania's oil and gas company OMV Petrom (SNP.RO), controlled by Austria's OMV, extracted 165.000 boe/day (barrel of oil equivalent per day) in the last quarter of 2017, slightly lower than...
Mariana Gheorghe Resigns As OMV Petrom CEO
The supervisory board of Romania's oil and gas company OMV Petrom (SNP.RO), controlled by Austria's OMV, appointed Christina Verchere as the new CEO and board president, after Mariana Gheorg...
Household Gas Prices Grow 5.6% As Of Jan 10 On Higher Acquisition Costs, Say Utility Companies
A growth in acquisition costs for natural gas has prompted an average price hike of 5.6% for household consumers, the federation of energy utility companies ACUE said in a press release Tues...
Romania Antitrust Authority Fines Six Companies Selling Electricity Meters
Romania's Competition Council fined six local companies on the electricity meter market a total RON73.1 million (EUR15.8 million) for antitrust practices.
Electromagnetica Gets RON10M Antitrust Fine
Romanian electric and electronic equipment maker Electromagnetica Bucuresti was fined RON10.02 million, or 4.23% of its 2016 turnover, by the Competition Council for allegedly breaching anti...
E-Distributie Muntenia Invested RON18M In Upgrading 78 Power Transformation Stations In 2017
E-Distributie Muntenia has invested nearly RON18 million in 2017 in upgrading 78 power transformation stations and power supply points in Bucharest and integrating them into the Telecontrol...