Energy
Consortium Possibly Including Transgaz May Build Pipeline To Bring Black Sea Gas Onshore
A joint venture possibly between oil-company OMV Petrom (SNP.RO), U.S. giant ExxonMobil and natural gas transporter Transgaz (TGN.RO) might build a pipeline to bring onshore the natural gas...
Nita: Transgaz And Romgaz To Appoint General Managers Monday
Petru Vaduva might be appointed general manager of Romanian state-run natural gas transporter Transgaz Medias (TGN.RO) Monday and Virgil Metea is likely to take over as general manager of ga...
Romgaz Boasts Record Net Profit Of EUR280M
The largest Romanian gas producer is once again also the most profitable state-run company, as Romgaz posted an all time high net profit of 1.24 billion lei (around EUR280 million) in 2012,...
EBRD To Arrange EUR200M Syndicated Loan For Romania’s Turceni Power Plant Modernization
The European Bank for Reconstruction and Development (EBRD) will contribute through a EUR200 syndicated loan scheme to the financing of a EUR266 million modernization and rehabilitation proj...
BRD, Swiss Capital To Broker Romanian CE Oltenia’s IPO
Romania’s Economy Ministry has hired a consortium comprising lender BRD Societe Generale (BRD.RO) and Swiss Capital to assist with the sale of a 12% stake in state-run energy holding CE Olte...
OMV Petrom 1Q Gas Sales Fall 5.4% On Year
Romanian leading oil company OMV Petrom (SNP.RO) reported a 5.37% decline in natural gas sales volumes to 16.39 terawatt-hours in the first quarter, hurt by falling demand, Austria’s OMV sai...
Nuclearelectrica Appoints New Board Of Directors
Romanian state-run nuclear power plant operator Nuclearelectrica has appointed a new seven-seat Board of Directors, the company said in a statement Thursday.
Cosmin Calin, Banca Romaneasca: Romania's Renewables Sector Won’t Be The Next Speculative Mania
Romania's renewable energy sector is not at risk of becoming the next speculative bubble, as it happened with the real estate market a few years ago, because it is “closely monitored” and in...
Transgaz: Romania Needs Another EUR10M To Start Gas Exports To Hungary
Romania requires about EUR10 million more to complete its investment in the Arad-Szeged pipeline and start exporting natural gas to neighboring Hungary, an official of state-run gas transpor...