Energy
Comrep Ploiesti Pays Dividends At 77% Yield
Comrep Ploiesti (COTN.RO), which provides services in the field of oil and natural gas, will pay gross dividends of RON10 which, at a price of RON13.1 per share, translates into a gross divi...
Romania OMV Petrom Starts Trading in London
Romania's largest oil and gas company OMV Petrom (SNP.RO) starts trading global depository receipts (GDRs) on the London Stock Exchange Thursday.
Petrotel Lukoil Refinery Sees Profit Up 7.5-Fold In H1
Petrotel Lukoil, the operator of the refinery in Ploiesti held by Russia’s Lukoil, ended the first six months of the year with almost 2.1 billion lei (EUR467 million) revenue, an increase of...
Electrica Closes Three Mortgage Contracts With BRD
Romanian electricity distribution and supply company Electrica (EL.RO), with a market capitalization of RON4.6 billion, closed three mortgage contracts with lender BRD for the amounts of mon...
Oil Terminal Names New Board Of Directors Chairman
Romanian oil storage and shipment firm Oil Terminal (OIL.RO) promoted Dumitru Matei from the position of Board of Directors member to the position of Board of Directors chairman, replacing B...
Oscar Downstream Plans Retail And Regional Expansion
Oscar Downstream, the largest independent fuel vendor in Romania, which has built its business on sales of diesel to major commercial customers, believes it could end the year with up to 10%...
OMV Petrom Transfers 19 Onshore Oil Fields In Romania To Mazarine Energy
Oil and gas company OMV Petrom transferred 19 onshore oil fields in Romania, plus three workover rigs and associated crews, to Mazarine Energy SRL, a fully owned Romanian subsidiary of Mazar...
State-Run Energy Companies Posted Overall Loss Of RON4.2B In Last Three Years
Companies subordinated to Romania’s Energy Ministry reported an overall loss of RON4.2 billion over the last three years, according to data provided by the ministry.
Hidroelectrica Expects RON1.1B Profit in First 9 Months
Romania’s state-owned hydropower producer Hidroelectrica expects a profit of RON1.13 billion for the first nine months of the year, 30% higher than in the same period last year, the company...