Energy
OMV Petrom 2012 Net Profit Rises To Record RON3.94M
Romanian leading oil company OMV Petrom (SNP.RO) Thursday said its net profit rose 5% to a record 3.946 billion lei (EUR901 million) in 2012, fueled by higher crude oil prices and lower prod...
Romanian Government Sells Over EUR190M Worth of Shares To Electrica Staff
The employees of Romanian state-run electricity supplier Electrica SA could buy shares in the company's privatized branches at between EUR3.17 and EUR45.26 per unit, according to the branch,...
Nuclearelectrica Sets up Auction To Buy Document Control Services For RON37.6M
Romania’s state-run energy producer Nuclearelectrica will organize an auction, in the first half of April, to purchase document administration and control services for an estimated 37.6 mill...
Romania To Cut Back On Renewable Energy Support As Of 2014
Romania plans to reduce the number of green certificates granted to solar energy producers starting with 2014, an official of the country’s energy regulator ANRE said Wednesday.
Hidroelectrica Posts Pretax Profit Of RON49M In January
Romania’s insolvent power company Hidroelectrica Tuesday reported a pretax profit of 49 million lei (EUR11.2 million) in January, up from RON36 million a month earlier.
Lukoil Shuts Down Romanian Refinery For Planned Overhaul
Romanian refinery Petrotel-Lukoil, a unit of Russia’s second-largest oil group Lukoil, will be shut down for a scheduled overhaul between February 20 and April 12, Lukoil said in a statement...
Ponta Says Oltchim And CFR Marfa Will Have To Cut Staff
Romania’s state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO) will not be able to keep all its employees after restructuring and staff cuts will also be operated within railway freigh...
Hidroelectrica Names Interim Head
The head of Romanian power producer Hidroelectrica’s development and rebranding unit, Mihail Viorelian Stanculescu, was named interim general manager by the company’s legal administrator Eur...
Rompetrol Mulls Buying Back 25% In Oil Refinery; State Considers Auction - Sources
Romania is considering selling its shares in oil refinery Rompetrol Rafinare (RRC.RO) via open auction, with Rompetrol reportedly seeking to buy back a 25% stake, people close to the matter...