Energy
Oltchim Creditors Approve EUR127M Asset Sale to Chimcomplex
The judicial administrators of insolvent chemical plant Oltchim Ramnicu Valcea said the company's creditors have approved the sale of some assets to chemical producer Chimcomplex Borzesti fo...
EIB Grants First Loan To A Corporate in Romanian Lei
The European Investment Bank (EIB) is providing the first loan to a corporate in Romania that can be disbursed in local currency. The equivalent of EUR50 million will be granted to Romania’s...
Energy Industry Experts: Romania Needs Additional Generation Capacity
Romania needs new generation facilities to be able to cope with rising consumption as the current system is old.
Electricity Distribution Prices Drop 1% in 2018
Tariffs approved for the distribution of electricity in 2018 are on average 1.08% lower than in 2017 for the country's eight distributors, said energy regulator ANRE.
Eurostat: Romania Has Lowest Household Gas Prices
Romania has the lowest household gas prices, of EUR3.2 per 100 kWh, whereas Sweden has the biggest household gas prices, of EUR12 per 100 kWh, in the first half of 2017, according to seasona...
EBRD Becomes Minority Holder in Black Sea Oil & Gas To Fund Gas Project
The European Bank for Reconstruction and Development has become a minority shareholder in Romanian oil firm Black Sea Oil & Gas SRL (BSOG), owned by Carlyle Group, and will receive a seat on...
Romanian Government Signs Execution Contracts for First Stage of BRUA Pipeline
Romania's government has signed contracts for works on the first stage of the the Romanian portion of the the natural gas pipeline connecting Bulgaria, Romania, Hungary and Austria (BRUA).
Fuel Retailer Rombeer Cringasu Sees EUR30M Revenue From 13 Gas Stations
A 13-gas station chain operating in Dambovita, Prahova and Ilfov counties (southern Romania) as RBC Gas posted 132.3 million lei (EUR29.4 million) revenue last year. The company ranks sixth...
Prospex Oil and Gas Shares Grow 30% After Romanian Find
UK-based natural resources investment company Prospex Oil and Gas shares soared 30% after it announced on Monday that Raffles Energy, the operator of the Bainet-1 well in Romania, had made a...