Energy
Rompetrol Senior VP: Increase In Petromidia Capacity Will Put Pressure On Diesel Oil Importers
Increasing the refining capacity of Petromidia will render the local market more ‘Romanian’ in terms of supply, considering that imports of oil products and especially of diesel oil make up...
Romcab Wants To Borrow EUR1.85M From Piraeus Bank
Romanian cable maker Romcab (MCAB. RO) plans to contract a short-term credit line of EUR1.85 million from Piraeus Bank.
Transelectrica Cuts 2012 Pretax Profit Forecast To RON40M
Romanian state-run power grid operator Transelectrica (TEL.RO) estimates a pretax profit of 40 million lei (EUR8.87 million) in 2012, down from RON52 million previously predicted, according...
China’s Suntech Power To Provide Panels For Two Photovoltaic Projects In Romania
China's Suntech Power Holdings Co., one of the world's largest solar panel producer, will supply Italy's SunSystem photovoltaic panels with a total capacity of 25 MW for the construction of...
OMV Petrom Sells RON93.5M Worth Of Electricity On OPCOM Market
Romania’s leading oil company OMV Petrom (SNP.RO) has sold electricity worth 93.5 million lei (EUR20.74 million) on the local energy exchange OPCOM, slightly below the planned amount, exchan...
Hidroelectrica Mulls EUR130M Investment In Hydropower Plants By 2016
Romanian insolvent energy producer Hidroelectrica plans to invest EUR130 million in several micro-hydropower plants by 2016 to diversify its revenue sources, the company’s designated adminis...
ExxonMobil Ready To Spend $1B In January 2013 For Black Sea Operations
ExxonMobil, which is conducting the most extensive deepwater exploration campaign in the Black Sea ever together with OMV Petrom (SNP.RO), is expected to buy about $1 billion in equipment an...
Households To Pay By 19.4% More For Domestic Gas By End 2014
Romanian domestic natural gas prices will increase by 19.4% for both thermal energy producers and household consumers by the end of 2014, according to a draft decision from the Economy Minis...
EBRD Extends EUR50M Financing For Two Romanian Wind Farms
The European Bank for Reconstruction and Development is lending EUR50 million to finance the operation of two wind farms in southeastern Romania, the bank said in a statement Wednesday.