Energy
Romgaz Expects 16% Lower Revenue In 2016, Of RON3.8B
Romania’s largest natural gas producer Romgaz (SNG.RO) forecasts a nearly 16% decrease in its overall revenue in 2016, to RON3.8 billion, but is counting on a rebound in the 2017-2018 period...
Iohannis: Nuclear Energy Share In Romania’s Total Energy Production To Rise To 30%-32%
President Klaus Iohannis on Friday said it will be ensured an increase in the nuclear energy share to 30%–32% of the country’s total energy production after the approval of the Energy Minist...
Government Collects RON1.7B In Energy Company Dividends In 2015
Last year was the best since 2012 in terms of dividends paid by the companies in which the Energy Ministry is minority or majority shareholder, 1.7 billion lei (EUR377 million). The dividend...
Petrom: Average Gas Price/Liter In Romania 10% Lower On Year In 1Q/2016
The average price per liter of gasoline in Romania was 10% lower in the first quarter of 2016 than in the same period a year ago, while diesel price per liter was nearly 17% lower.
Oil Terminal 1Q Profit Up 8.56% To RON7M
Romanian oil storage and shipment firm Oil Terminal (OIL.RO) reported a profit of RON7.09 million in January-March 2016, up 8.56% compared with the year-earlier period.
Most Energy Sector Entrepreneurs Optimistic About 2016
The most powerful entrepreneurs in Romania’s energy sector expect growth in 2016, and most of them plan to expand on the markets they built their businesses on and diversify their operations...
Nuclearelectrica Reports 89% Growth in 1Q Net Profit
Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) on Monday reported a net profit of nearly RON67 million for the first quarter, 89% higher than in the same period last y...
Dwindling Demand for Natural Gas Cuts Romgaz Profit by 13% in 1Q
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) on Monday reported a first quarter net profit of 490 million lei (EUR109 million), 13% lower compared with the first quarter las...
Electrica Group 1Q Profit Up 12% To RON142M
Electrica group on Monday said it registered a consolidated net profit of RON142 million in January-March 2016, up 12% from the year-earlier period, while its operating revenue rose 6% to RO...