Energy
Transgaz Proposes Dividends At 7% Yield From 2016 Profit
Romanian natural gas transmission company Transgaz (TGN.RO) plans to pay gross dividends of RON25.74 per share, at a 7% yield.
Vast Resources: Significant Increase in Silver, Copper, Lead and Zinc Grades At Baita Plai Mine
UK-based mining company Vast Resources, with operations in Romania and Zimbabwe, announced that significantly higher grades of silver, copper, lead and zinc have been confirmed at the 4.6Mt...
Vulcan SA Seals $10M Deal With Kuwait Oil Company
Romanian steam generator and pump manufacturer Vulcan SA Bucuresti signed a $10 million contract for supplying 270 pumping units to Kuwait Oil Company by December 2017.
Rompetrol Elects New Executive Board Members
Romanian oil refining company Rompetrol Rafinare (RRC.RO), member of KMG International group, proposed Alexey Golovin for member in the Executive Board, after Azamat Zhangulov forwent the po...
Electrica Plans To Pay Out Gross Dividend Of RON0.74/Share Of 2016 Profit
Romanian electricity distribution and supply company Electrica (EL.RO), 48.78% owned by the Romanian state, is considering paying out a gross dividend of RON0.74 per share of its 2016 profit...
KMG International: 2016, Record Year For Rompetrol And Units In Romania
KMG International, member of the National Oil and Gas Company of Kazakhstan – KazMunayGas – and owner of oil company Rompetrol, said in a statement on Thursday that 2016 was the year of reco...
ANRE: Romania To Raise Household Gas Prices By 5%; Market To Be Fully Liberalized As Of April 1
Romania’s natural gas market will be fully liberalized as of April 1, which also implies an increase of 5-6% in natural gas prices for household consumers, Niculae Havrilet, the head of Roma...
Conpet Ploiesti Targets RON412M Revenue And RON68M Profit In 2017
State-run oil transporter Conpet Ploiesti (COTE.RO) targets revenue of RON412 million and a gross profit of RON83 million in 2017.
Euro Insol: Uztel Exits Insolvency After Four Years Of Reorganization
The Dolj court has ruled on the exit from insolvency of Romanian oilfield equipment manufacturer Uztel Ploiesti (UZT.RO), after ascertaining the fulfilment of payment obligations undertaken...