Energy
Transgaz Sees Good Prospects In Black Sea Gas
There are “good prospects” in the natural gas reserves potentially available in the Black Sea, the Romanian state-run natural gas transporter Transgaz Medias (TGN.RO) said Thursday.
Transelectrica May Lose EUR70M Financing Due To Delays At Serbia Connection Project
Romania’s power grid operator Transeletrica (TEL.RO) could lose EUR70 million in European funds due to delays at its planned cross-border transmission line to Serbia, general manager Stefan...
Energy Business Went Down In 2012
Last year ended with declines for electricity production, exports and consumption, which was largely affected by the drop in industrial demand, according to the latest report of Romania’s en...
Ductil Buzau Sees Turnover Up 8% This Year, To RON160M
Romanian electrode and welding equipment maker Ductil Buzau (DUCL.RO) estimates it will reach sales of 160.1 million lei (EUR36.8 million) in 2013, 8% higher than the RON148 million posted l...
Gazprom Reaches Five Gas Stations Out Of Planned 50 In Romania
Serbia-based oil group NIS now has five gas stations in Romania, after having opened its first in Vestem near Sibiu (center of the country) at the end of last year.
KazMunayGas Centralizes Trading Operations
Kazakh state-run oil company KazMunayGas will integrate this year all its crude oil marketing operations into Vector Energy, the trading division of its Romanian unit the Rompetrol Group.
Managers Of State-Owned Energy Companies Earn Up To RON18,000 A Month
Managers of companies in Romania’s energy industry make 4,693 lei (little over EUR1,000) and RON18,000 a month, according to a maximum net wage list released by the government Tuesday.
OMV Petrom Plans RON6.4B Investment In 2013
Romania’s leading oil and gas company OMV Petrom (SNP.RO) plans full-year investments of 6.4 billion lei (EUR1.8 billion) for 2013, largely targeting exploration and production operations, a...
New Government Representatives Officially Appointed To Petrom Supervisory Board
The new representatives of the government to the supervisory board of oil company OMV Petrom (SNP.RO) have been officially confirmed by shareholders Monday.