Energy
Romgaz GM Says Natural Gas Volumes Consumed Annually Unlikely To Go Up On Medium Term
The general manager of Romania’s largest natural gas producer Romgaz Medias (SNG.RO) said he did not expect natural gas volumes consumed annually to go up in the near future in the context i...
Bogdan Chiritoiu: Romania's Competition Council Probes Fuel Price Hike Above EU Average
Competition Council started, at the beginning of February, a sectoral investigation on the Romanian fuel market, verifying the fuel price increase above the EU average.
OMV Petrom Targets EUR1B Annual Investments By 2021
Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, estimates annual investments of EUR1 billion and a reserve-replacement ratio of 100% in the next five years, a...
Rompetrol Rafinare Posts $182M Operating Profit In 2016
Romanian oil refining company Rompetrol Rafinare (RRC.RO), member of KMG International group, posted a consolidated operating result EBITDA of $182.5 million in 2016, up 62% on the year, on...
Romgaz Profit Falls 14.2% in 2016, to RON1B
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) on Thursday reported a net profit of RON1.024 billion for 2016, 14.2% lower than in 2015.
Romania OMV Petrom Swings Back to Profit in 2016
Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, on Thursday reported a net profit attributable to stockholders of RON1.04 billion in 2016, from a loss of RON6...
ANRE: Electricity Prices Not To Go Up In July, But Gas Prices To Rise Slightly As Of April 1
Romania’s energy regulator ANRE on Wednesday made a series of specifications according to which electricity prices will remain constant, while natural gas prices will go up only by 5%-6%..
Energy Regulator Head: Natural Gas Prices May Rise By Up To 10% As Of April 2017
Natural gas prices could be raised by up to 10% starting April 2017, Niculae Havrilet, the head of Romania’s energy watchdog ANRE, said on Wednesday.
Rompetrol Well Services Posts RON31M Turnover In 2016
Rompetrol Well Services (PTR.RO), a unit of KMG International, the second largest oil group in Romania, reported a turnover of over RON31 million in 2016, down compared with RON50 million a...