Energy
Fuel Prices in Romania Grew By Up to 10% in April-November
Fuel prices in Romania grew 8-10% Between April and November this year, with the fastest growth recorded after the hike of excise duties on fuel starting mid-September.
Enel CEO: Abrupt Electricity Price Hikes Show Imbalance Between Demand And Supply
Romania’s electricity market is marred by imbalances between demand and supply, therefore, one should pay attention to players in the field to avoid situations like the one in early 2017 whe...
Romanian Energy Minister Says Energy Prices Won't Rise
Romanian energy minister Toma Petcu said Monday there is no reason for a price hike for natural gas or electricity, as production costs haven't grown, and electricity tariffs could even be r...
Enel, Timisoara Airport Launch First Fast-Charging Station for Electrical Vehicles
Energy company Enel Energie and the Timisoara International Airport on Thursday launched the first fast charging station for electrical vehicles located in a Romanian airport.
Rompetrol Rafinare Triples Consolidated Net Profit in Jan-Sept
Rompetrol Rafinare, owned by KMG International, on Tuesday reported a a net consolidated profit totaling $56 million for the first nine months 2017, almost triple compared with the same peri...
Transgaz Head: Romania’s Natural Gas Stock Hits Five-Year Low; Imports To Grow
The general manager of Romanian natural gas transmission company Transgaz (TGN.RO), Ion Sterian, on Thursday said the natural gas stock for the 2017-2018 winter reached the lowest level in t...
Romania OMV Petrom Posts RON638M Profit in 3Q/2017
Romania's oil and gas company OMV Petrom (SNP.RO), controlled by Austria's OMV, on Thursday reported a net profit of RON638 million for the third quarter, 35% higher compared with the same p...
Romgaz To Pay Special Dividends Required By Government, On Nov 29; The State To Get RON523.4M
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) will pay on Nov 29 the additional dividends required by the government and the payment will be made through the Central Deposito...
MOL's Diesel Sales in Romania Grew Over 10% in 3Q
The volume of retail diesel sales in Romania of Hungary’s oil group MOL grew 10.6% in the third quarter of 2017, while gasoline sales remained constant compared with the same period last yea...