Energy
ENGIE Romania Buys Cofely Building Services & Maintenance
Local natural gas distributor ENGIE Romania, through its branch ENGIE Servicii, will buy Cofely Building Services & Maintenance, which will be renamed ENGIE Building Solutions and will provi...
E.ON Distributie Romania Changes Name To Delgaz Grid
The management of electricity distributor E.ON Distributie Romania SA has proposed changing the company’s name into Delgaz Grid SA, starting January 1, 2017, according to a summoning of Shar...
CET Govora Signs EUR360M Contract With Ciech Soda
Romanian coal and power producer CET Govora has signed a EUR360 million contract with soda ash producer Ciech Soda (former Uzinele Sodice Govora) for the supply of industrial steam for a ten...
KMG International Changes Management Structure
KMG International has changed the group’s management structure, appointing Catalin Dumitru as Senior Vice President for operational activities and Alexey Golovin as Vice President for corpor...
Black Sea Oil & Gas Starts Base Engineering Phase on Midia Gas Project
Xodus Group will provide base engineering activities for offshore and onshore exploitation installations for the start of production for the Ana and Doina gas discoveries in the Midia block...
Electricity Prices for Romanian Households Up 50% By 2030 - Energy Strategy
Electricity prices for Romanian households will be 50% higher by 2030, from EUR127/MWh in 2015 to EUR195/MWh in 2030, according to Romania’s Energy Strategy for 2016-2030, launched for publi...
Economy Ministry Revokes Romgaz General Manager From Board Of Directors
The Romanian Economy Ministry has revoked Virgil Metea, general manager of Romania’s largest natural gas producer Romgaz Medias (SNG.RO), as member of the company’s Board of Directors, as we...
Romanian Electrica 9-Mo Profit Up 9% To RON466M
Romanian electricity distribution and supply company Electrica (EL.RO) reported a net profit of RON466 million for the first nine months of the year, 9% higher than in the same period a year...
Conpet Ploiesti Profit Up 9% To RON57M In January-September
State-run oil transporter Conpet Ploiesti (COTE.RO) had a net profit of RON56.7 million in the first nine months of 2016, up 9% versus the year-earlier period, the company said Tuesday.