Energy
OMV Petrom 4Q/12 Gas Sales Up 56% On Quarter
Romanian leading oil company OMV Petrom (SNP.RO) reported a 56.3% increase in natural gas and power sales volumes to 14.44 terawatt-hours in the last three months of 2012 compared with a qua...
Romania Wants To Raise Oil, Gas Royalties Earlier Than 2015
Romania’s government wants to increase the royalty rates levied on natural gas and oil producers earlier than the 2015 deadline agreed with Austria’s OMV nine years ago, when the latter boug...
Romgaz Completes Takeover Of Iernut Power Plant
Romanian state-run natural gas producer Romgaz Medias Thursday said it has completed the takeover of Iernut thermal power plant in Mures county.
Oltenia Power Holding To Float 12% Stake In Bucharest
Romanian state-run energy holding Oltenia plans to increase its share capital by up to 27.3%, with 12% of the newly issued shares to be listed on the Bucharest Stock Exchange, according to a...
Suceava Thermal Power Plant May Enter Conservation In 2013, 330 Employees To Be Laid Off
Thermal power producer Termica Suceava may enter conservation in 2013 after the inauguration of the new thermal plant built by Adrem Invest company, around 330 of the total 569 employees bei...
Court Admits Oltchim’s Insolvency Request
The Valcea Court admitted Wednesday the insolvency request filed by Romanian state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO).
Electrica’s Capital Set To Double Following IPO – Draft Decision
Romania’s Economy Ministry plans to launch a public offering to double the share capital of state-run electricity supplier SC Electrica SA with a view to float the company on the Bucharest S...
Romania To Double Hunedoara Energy Holding’s Share Capital, Launch IPO
Romania’s Economy Ministry plans to launch a public offering to double the share capital of its energy holding CEn Hunedoara with a view to float the company on the Bucharest Stock Exchange,...
Natural Gas Consumption Down In 2012
Romania used 4% less natural gas last year than in 2011, even though the year started and ended with very cold weather, which caused consumption spikes for a few weeks.