Energy
OMV Petrom, Petrofac Agree On Early Termination Of Contract For Boosting Crude Oil Production In Ticleni Area
Romania’s largest oil company OMV Petrom (SNP.RO) has agreed with Petrofac, upon the latter’s request, on the early termination of the contract for boosting crude oil production in Ticleni a...
Network Expansion Drives MOL Romania Sales Volume Up 17% in 2015
Hungarian group MOL's retail fuel sales in Romania, including LPG and lubricants, grew 17%, to 586,000 tons, mainly due to the company's gas station network expansion.
Businessman Gruia Stoica Gets Definitive Suspended Prison Sentence
Businessman Gruia Stoica has been sentenced to two and a half years suspended prison sentence for influence peddling, according to a definitive supreme court ruling.
ZF Power Summit 2016: Entrepreneurs Look At International Market, Are In No Rush To Go Public
Romanian entrepreneurs in the industry making equipment and systems for the energy sector say that the smart technologies are the future, as they are environment friendly and cut the costs c...
Transelectrica: Powerline Project Between Romania And Serbia To Be Completed In 2017
The 400-kilovolt powerline project connecting the western Romanian town of Resita with Serbia's city of Pancevo, will be completed at the end of 2017, Razvan Purdila, manager of Romanian pow...
Lulache: Nuclearelectrica To Buy Uranium From Any Provider With Advantageous Prices
Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO), the operator of the country’s sole nuclear power plant in Cernavoda, announced it will buy uranium from any provider wh...
Borza: All Indicators Of Energy Holding CE Oltenia Point To Its Insolvency
All indicators of Romanian state-run energy holding Complexul Energetic Oltenia point to insolvency, as the company faces huge losses and debts, but an insolvency process assumed in due time...
Borza: State Energy Companies Lose Tens Of Millions Of Euros/Year Due To Exports
Romanian state-run energy producers lose several tens of millions of euros every year due to another type of "wise guys," namely, those exporting electricity, according to lawyer Remus Borza...
Borza: Hidroelectrica Expects Gross Profit Of RON1.3B In 2016, Seen As Best Year Ever
Romania’s insolvent state-owned power producer Hidroelectrica might register a gross profit of RON1.3 billion in 2016, which would be the best result ever recorded by the company, compared w...