Energy
Oil Terminal 9-Month Sales Down 8% To RON81M
Romanian oil storage and shipment firm Oil Terminal (OIL.RO) Friday said its sales fell 8% on the year to 81.1 million lei (EUR18.3 million) in the first nine months, due to lower demand for...
Romgaz Prepares To Join The Billion Euro Club
Romania’s largest natural gas producer Romgaz might see revenue reach EUR1 billion this year if it keeps the same growth pace as in the first half. The company is also getting ready to expan...
Petrom’s Market Value Falls By EUR185M After 3Q Profit Decline
The 27% decline of OMV Petrom’s (SNP.RO) third-quarter net profit led to a 3.6% decrease in the past two days of its stock on the Bucharest exchange, erasing EUR185 million from the market v...
CEZ Romania EBITDA Doubled To EUR155M In Jan-Sept
The earnings before interest, taxes, depreciation, and amortization (EBITDA) of CEZ Romania, a unit of Czech power group CEZ AS, increased to CZK3.9 billion (EUR155 million) in the first nin...
Upet 9-Month Sales Rise 67.2% To RON59M
Romanian oilfield equipment maker Upet Targoviste (UPET.RO) Thursday said its its sales increased 67.2% in the first nine months of 2012 to 58.97 million lei (EUR13.3 million), from RON35.27...
Hidroelectrica Resumes Electricity Auctions, Forgoes Down Payment
Romania’s insolvent power producer Hidroelectrica has rescheduled for November 14-20 a series of electricity auctions in a bid to raise 391 million lei (EUR86.7 million), while renouncing a...
OMV Petrom Shuts Down Brazi Power Plant For Scheduled Overhaul
Romania’s dominant oil company OMV Petrom (SNP.RO), controlled by Austria’s OMV, will shut down its thermal power plant in Brazi for a scheduled maintenance between November 9 and November 1...
Ponta Says Hidroelectrica Will Exit Insolvency By Yearend
Romanian state-run hydropower producer Hidroelectrica will complete its insolvency process by the end of the year, Prime Minister Victor Ponta said Thursday.
Romania January-September Power Output Falls 2% On Year
Romanian energy output declined 2% on the year to 17.08 million tons of oil equivalent in the first nine months, on falling production in the hydropower and nuclear sectors, official data sh...