Energy
Transgaz 2015 Net Profit Declines 3%, To RON488M
Romanian natural gas transmission company Transgaz (TGN.RO) on Monday said its net profit declined 3% on the year in 2015, to RON487.7 million, from RON502.5 million in 2014.
Alro Slatina Switches To Profit in 2015
Romanian aluminum smelter Alro Slatina (ALR.RO )posted a net profit of RON9.6 million in 2015, from a net loss of RON109 million in 2014 , the company said Monday.
Romania's Rompetrol Well Services Posts RON2.15M Loss in 2015
Rompetrol Well Services (PTR.RO), a unit of KMG International, the second largest oil group in Romania, on Monday said it registered a net loss of RON2.15 million in 2015, compared with a pr...
Romanian Romgaz 2015 Profit Drops 16%, to RON1.18B
Romania’s largest natural gas producer Romgaz Medias (SNG.RO) reported a 16% decline in net profit in 2015, to 1.18 billion lei (EUR265.7 million), on lower demand due to a mild winter seaso...
OMV Petrom Considers Restructuring Plan
The oil price slump is forcing oil and natural gas producer OMV Petrom (SNP.RO) to consider restructuring, a step that will affect both projects and the number of employees, in order to navi...
Romanian Nuclearelectrica Profit Grows 20% in 2015
Romanian nuclear power company Nuclearelectrica (SNN.RO) reported a growth in net profit of nearly 20% on the year in 2015, to RON154.4 million, the company said in its preliminary earnings...
Petrotel Lukoil Refinery Signs RON40M Contract With Oil Terminal Constanta
The Petrotel Lukoil refinery has concluded a contract of RON40 million with Romanian oil storage and shipment firm Oil Terminal (OIL.RO), which targets crude oil transportation this year, Oi...
ANRM Increases Crude Oil Transportation Tariff; Producers Blast Its Decision
Romania's mineral resources agency ANRM has increased by 1.4% the tariff of the local crude oil transportation service, but the decision was contested by the Romanian Association of Petroleu...
Oltchim Posted Profit Of RON2.3B In 2015 Due To Debt Write-Offs
Romanian chemical plant Oltchim Ramnicu Valcea reported a preliminary net profit of RON2.308 billion in 2015, due to debt write-offs, versus losses of RON459.32 million in 2014.