Energy
Romgaz Signs Two Contracts Worth RON935.5M With Electrocentrale Bucuresti
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) has signed a contract worth RON405.7 million with the country’s largest thermal power producer Electrocentrale Bucuresti (ELCEN)...
Romania Loses Arbitration Case Against Enel In Paris
Romania has lost the arbitration case in which it sought payment of nearly EUR1 billion from Italian utility group Enel for alleged failure to meet obligations in Electrica Muntenia Sud priv...
KazMunayGas Could Use International Arbitration To Defend Its Rights And Obtain Compensation
KazMunayGas will use all legal means to defend its rights and obtain compensation, including international arbitration, as it believes that Romanian authorities plan to seize and nationalize...
Swiss Energy Group Repower Sells Romanian Operations To Swiss MET Group
Swiss energy group Repower has sold its Romanian operations to Swiss MET Group specialized in trading power, natural gas and oil products.
Transgaz Signs Interconnection Agreements With Bulgartransgaz And Ukrtransgaz
Romanian natural gas transmission company Transgaz (TGN.RO) concluded two interconnection agreements with operators of gas systems in neighboring countries Bulgaria and Ukraine.
OMV Petrom Names New Supervisory Board Member
Romania's largest oil company OMV Petrom (SNP.RO), majority owned by Austria's OMV, announced the appointment of Reinhard Florey as interim member and Deputy President of the Supervisory Boa...
Nuclearelectrica Signs RON4M Contract With National Uranium Company
Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) signed a contract of RON4 million with the National Uranium Company (CNU) regarding the provision of services for the pr...
ExxonMobil Ends Year With EUR72M Losses In Romania
ExxonMobil, which signed a deal to explore the deep water sector of the Neptun Block in the Black Sea with OMV Petrom, the only oil and gas producer in Romania in 2008, ended last year with...
Smart Diesel To Add Two New Markets By Yearend
Private filling station operator Smart Diesel says it will enter two new markets by yearend in addition to the 15 where its commercial customers can refill using the diesel cards issued by t...