Energy
Alro Secures $137M Credit Line from Raiffeisen-Led Consortium
Romanian aluminum smelter Alro Slatina (ALR.RO) has secured a syndicated $137 million loan from a consortium led by Raiffeisen Bank International and Raiffeisen Bank Romania.
State Secretary: Energy Subsidies For All Household Consumers, Not A Long-Term Solution
Subsidizing the electricity through regulated prices, below market prices, for all household consumers triggers inequities and is not a durable solution on the long term, Romanian Energy Min...
Georgios Stassis Takes Helm Of Enel Romania As Of End-February
Enel operations in Romania will be run by Georgios Stassis as of the end of February, in the context in which the current head Toni Volpe will withdraw from this position to fill a managemen...
Vast Resources Invested Over $4.5M In Its Two Romanian Mines In 2015
UK-based mining company Vast Resources on Monday said it invested over $4.5 million in 2015 in the two Romanian mines it administers in Baita Plai (Bihor County) and in Manaila (Suceava Coun...
Cheap Oil Could Drive OMV Petrom Into The Red For First Time Since Privatization
OMV Petrom (SNP.RO), Romania’s only oil and natural gas producer, could end 2015 in the red, as the oil price slump caused it two successive impairments of exploration and production asset v...
Energy Holding CE Oltenia Expects Higher Losses For 2015 Due To RAAN Bankruptcy
Romanian state-run energy holding Complexul Energetic Oltenia expects losses higher by RON68 million for 2015, which translate into accounts receivable it can no longer recover from two comp...
OMV Petrom Hydrocarbon Output Down 3.3% In 4Q/2015
The hydrocarbon output of OMV Petrom (SNP.RO) fell 3.3% in annual terms in the fourth quarter of 2015, to 176,000 boe (barrel of oil equivalent) a day, but rose 1.1% compared to the third qu...
Engie CEO: Oil Price Slump Restores Competitiveness To Gas-Fired Power Plants
Ten years ago people did not know where power comes from, now they want to generate it themselves, they want to know whether it comes from nuclear or coal-fired plants.
Resurgence In Domestic Demand Drove Romania’s Power Production Up In 2015
Romania’s power production went up by about 1.7% to 61.6 TWh last year, the highest level since 2003, European Network Of Transmission System Operators For Electricity (ENTSO-E) data show.