Energy
Petrom Joins The Big League Of Energy Producers
Romanian oil company OMV Petrom (SNP.RO) officially opened its thermal power plant running on natural gas in Brazi (southern Romania) on Tuesday, after a EUR530 million investment, the only...
EBRD Considers EUR46M Loan For Crucea Wind Farm In Romania
The European Bank for Reconstruction and Development is considering providing a senior loan of EUR46.6 million to finance the commissioning and operation of a 40-megawatt wind farm in Romani...
Ponta: Romania Won’t Change Energy Royalty Rates Before 2014
Romanian Prime Minister Victor Ponta said Tuesday royalty rates for oil and natural gas must be changed, adding that this will not happen before 2014.
Carlson Ventures Transfers 14% Stake In Oltchim To Cyprus-based Firm
UK-headquartered investment fund Carlson Ventures has transferred its 14.02% stake in Romanian state-run chemical company Oltchim SA (OLT.RO) to Cyprus-based Polyolt Holding Limited, the che...
Parliament Puts Off Decision On Membership Of ANRE’s Regulatory Committee
Romania’s Parliament on Tuesday decided to postpone the naming of the members of energy regulator ANRE’s regulatory committee.
Oltchim Employees Receive Remaining Wage For August, Operations Partially Resumed End-Week
The employees of Oltchim Ramnicu Valcea will receive at the end of this week the remaining of their back wages for August, while the operations will also be partially resumed, according to t...
Upet Seeks Funds To Finance Working Capital, Pay Contracts
Romanian oilfield equipment maker Upet Targoviste (UPET.RO) Monday said it plans to take out two loans to finance working capital and honor outstanding contracts.
Romania Seeks Ways To Attract Investors For Cernavoda Nuke Project
The Romanian authorities are contemplating a new strategy to attract investors for two additional reactors at the country’s sole nuclear power plant in Cernavoda, following two unsuccessful...
GDF SUEZ Energy Romania Mulls Raising RON250M Via Bond Issue
GDF SUEZ Energy Romania, a unit of French-Belgian utility GDF SUEZ, plans to raise up to 250 million lei (EUR54.7 million) via a bond issue due for launch in Bucharest on October17.