Energy
Transgaz Bids to Acquire Greek Gas Pipeline Operator
Romanian natural gas transmission company Transgaz in consortium with France's GRTgaz have expressed interest in acquiring a 66% stake in Greece's gas transmission company DESFA.
Electricity Prices Rise, Energy Ministry Considers Cap
The Day Ahead Market on the energy exchange OPCOM registered Thursday a pricve of RON570/MWh for August 4, a peak that has not been reached since the crisis in January and energy minister To...
CET Brasov For Sale At EUR18.48M From EUR40M in 2013
The liquidator of CET Brasov, the city's heating company until 2011, seeks to sell the bankrupt company's assets again, halving the asking price to EUR18.48 million from EUR40 million in 201...
Vast Resources Reports Increased Amount Of Ore Processed At Manaila Mine In 2Q/2017
UK-based mining company Vast Resources PLC on Monday said it registered a 41% increase in tons of ore mined and a 54% rise in tons of ore milled at the Manaila Polymetallic Mine in Suceava C...
Energy Holding CE Oltenia Switches To RON260M Profit In Jan-May 2017 Vs RON20M Loss
Romanian state-run energy holding Complexul Energetic Oltenia posted a profit of RON260 million in January-May 2017, compared with a loss of RON20 million in the year-earlier period. The com...
Romania Approves Transaction Between NC KazMunayGas and China Energy Company Limited
KMG International Group (KMGI) on Thursday welcomed the recent decisions of the Romanian authorities approving the transaction signed at the end of 2016 between its main shareholder – nation...
Hidroelectrica Pays RON1B Dividends From 2016 Profit
Romania’s state-owned hydropower producer Hidroelectrica will pay entirely the dividends for 2016, in the amount of RON1.035 billion, to its two shareholders, namely, the Energy Ministry, wh...
OMV Petrom Sells Dorobantu Wind Park To Transeastern Power B.V For EUR23M
OMV Petrom on Thursday announced the signing of a contract to sell OMV Petrom Wind Power SRL (Dorobanu Wind Park) to Transeastern Power B.V., a limited liability company registered in the Ne...
OMV Petrom Starts Works On New Polyfuel Unit At Petrobrazi Refinery
Romania's top oil and gas group OMV Petrom on Wednesday said it started the construction of a new polyfuel unit at its Petrobrazi Refinery, which will allow conversion of LPG components into...