Energy
KMG International Unloaded Over 25 Mln Tons Of Crude Through Black Sea Marine Terminal
The volume of crude oil unloaded by KMG International through the offshore terminal out in the Black Sea, operated by Midia Marine Terminal (MMT) company, reached 25.5 million tons since 200...
Conpet Ploiesti Pumps 100% Of Its 2015 Profit Into Dividend Payment
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) reports the highest distribution of the 2015 profit for the payment of dividends, boasting a 100% profit distribution rate.
OMV Petrom Sold EUR500M Worth Of Coffee And Sandwiches In 2015
OMV Petrom, the largest retailer of gas and diesel in Romania, posted about 2.2 billion lei (EUR500 million) revenue from non-oil products and services last year.
Tinmar Posts EUR700M Turnover In 2015
Tinmar, the largest private energy trader in Romania, reported a turnover of RON3.19 billion (EUR719 million) in 2015, up by nearly 32% on the year, the company said in a statement.
Secret Business League On Its Way Out
Once energy trading heavyweights, the ‘smart guys’ of the sector have become a shadow of the former selves, while Hidroelectrica is preparing to exit insolvency.
OMV Petrom, Romgaz And Transgaz Subject To EC Inspection In Potential Natural Gas Export Hindering Case
Officials of the European Commission’s Directorate General for Competition and of the Competition Council in Romania on June 6 carried out unannounced inspections at the premises of Romgaz,...
Romania’s Refineries Ended 2015 In The Black
The only three operational refineries left in Romania ended last year in the black and the last of them to announce results was Russian-held Petrotel Lukoil.
Gas Stations Generate More Revenue Than Drilling For OMV Petrom
OMV Petrom, the largest oil and gas group in Romania, went through a profound change of revenue structure last year, when its gas stations became the main revenue and profit generator, while...
Romania And Bulgaria Build Back-Up Gas Pipeline Under Danube River
Romania and Bulgaria will build a back-up natural gas pipeline under the Danube river, which will become operational in the upcoming months, according to Bulgartrangaz, cited by Novinite.com...