Energy
National Uranium Company Names New President
Romeo Urjan, specialist in nuclear industry, is the new president of National Uranium Company (CNU), the Romanian Energy Ministry said in a statement Monday.
Lukoil Romania To Sell Vignettes
Lukoil Romania was authorized to sell vignettes, National Company for Road Infrastructure Administration (CNAIR) said in a statement Monday.
Oltchim Ramnicu-Valcea’s Judicial Reorganization Plan Extended By One Year
The execution time of the judicial reorganization plan of Romanian chemical plant Oltchim Ramnicu Valcea (OLT.RO) was extended by one year.
German Group Allianz Buys 30% Of Shares Of E.ON Distributie Romania
German group Allianz is acquiring a 30% stake in E.ON Distributie Romania, one of the two leading natural gas distributors on the Romanian market, and the transaction is to be completed by t...
MOL Group To Focus On Petrochemicals In Next 15 Years
Hungarian oil group MOL expects an increase in fuel consumption in coming years, while on the long term, it expects growth on the petrochemicals segment, Petho Zsolt, senior vice-president o...
Transelectrica Buys RON2.1M Worth Of Electricity From Hidroelectrica
Romanian state-run power grid operator Transelectrica (TEL.RO) has signed a contract of RON2.1 million with state-owned hydropower producer Hidroelectrica for the purchase of electricity on...
Mol Romania Has New CEO
Camelia Ene has taken over as Chief Executive Officer (CEO) of the Romanian division of Hungarian oil group Mol, replacing Kinga Daradics.
KMG International Posts 6% Higher Operational Result In January-September 2016
KMG International group reported an operational result (EBITDA) of $145 million in January-September 2016, over 6% compared to the level reached in the same period in 2015, on the background...
Fondul Proprietatea Wants New Management At Nuclearelectrica Due To Company’s Poor Performance
Romanian investment fund Fondul Proprietatea is „vehemently” opposed to renewing the mandate of the current Executive Board of state-run nuclear power producer Nuclearelectrica and keeping t...