Energy
Romanian Romgaz 1H Profit Falls Nearly 20% on Reduced Natural Gas Demand
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) on Friday reported a 19.7% decline in net profit in the first half of the year compared with the same period a year ago, to RON6...
Romanian Nuclearelectrica Registers Loss in 1H
Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) on Friday reported a net loss of RON37.8 million for the first half of the year, from a net profit of RON2.9 million in...
Romanian Alro Slatina 1H Net Profit Falls to RON39M
Romanian aluminum smelter Alro Slatina (ALR.RO) on Friday reported a net profit of RON39 million for the first half of the year, down from RON68 million in the same period last year.
Romania Sets Level Of Emergency Stocks Of Crude Oil And/Or Oil Products At 1.2 Mln Tons In 2016
The level of emergency stocks of crude oil and/or of oil products that must be set up for 2016 and maintained under Law no. 360/2013 was set at 1,238,183 tons of oil equivalent (toe), accord...
OMV Petrom To Close Down 250 Drilling Wells In 2016
Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, will close down 250 uneconomic drilling wells this year, of the 7,600 available units, while the staff numbers...
OMV Petrom Profit Falls 83% in 2Q on Declining Oil Prices
Romania's largest company OMV Petrom (SNP.RO), majority owned by Austria's OMV, on Wednesday reported a net profit of RON117 million, down 83% compared with the same period last year, citing...
Romania Gets 30% Of Energy From Coal But Coal Companies Are Insolvent
Romania gets 30% of its energy from coal but coal companies are, paradoxically, insolvent, Energy Minister Victor Grigorescu told a conference organized by Ziarul Financiar on Tuesday.
Minister: Romania Can Become An Energy Hub
Romania must let go of the idea that things do not work and promote itself as a country that can conclude partnerships with European countries, Energy Minister Victor Grigorescu said Tuesday...
Rompetrol Downstream Opened Two New Filling Stations In Orsova And Sibiu
KMG International, through its company Rompetrol Downstream, opened two new filling stations in Orsova and Sibiu cities and plans to expand the local network by 9 other new filling stations...