Energy
Romanian Government, OMV Petrom In Talks On Energy Royalty Rates
Romania’s Government and oil company OMV Petrom (SNP.RO) have recently started talks regarding royalty rates for oil and natural gas, Mariana Gheorghe, CEO of the company, said in an intervi...
Petrom: Romania Needs Annual Investments Of EUR3-4B To Reduce Dependence On Energy Imports
Romania needs annual investments of EUR3 to EUR4 billion by 2030 to ensure its independence from energy imports, Mariana Gheorghe, Chief Executive Officer of leading oil company OMV Petrom (...
OMV Petrom: Gas Extraction In Romanian Black Sea Block Might Start In 2018
Gas extraction in the Romanian sector of the Black Sea is likely to start towards the end of the decade and the gas deposit might eliminate the country’s dependence on gas imports, Mariana G...
Hidroelectrica Will Register Losses Of EUR100M In 2012 Due To Severe Drought - Administrator
Romania’s insolvent hydropower producer Hidroelectrica will register losses of EUR100 million this year and its revenues will drop by about 800 million lei (EUR175 million), the company’s co...
Romania Seeks EC Permission To Offer Financial Support Of Up To EUR10M To Oltchim
Romania’s Government asked the European Commission to approve a loan of up to EUR10 million to chemical plant Oltchim Ramnicu Valcea (OLT.RO), Prime Minister Victor Ponta said Friday.
Romania-Moldova Natural Gas Pipeline To Cost RON88M
Romania’s planned natural gas pipeline linking the northeastern city of Iasi to Ungheni city in the neighboring Republic of Moldova will entail total costs of some 87.7 million lei (EUR19.2...
Sterling Resources Begins Drilling Well In Romanian Black Sea
Canadian Sterling Resources Friday said it has started drilling operations at its Ioana-1 deepwater well in the Romanian Black Sea.
Romania's Power Output Down 2.6% In January-August
Romanian energy output decreased 2.6% on the year to 15.2 million tons of oil equivalent in the first eight months, on falling production in the hydropower and nuclear sectors, official data...
Hidrolectrica May Complete Insolvency Procedure By Dec 31 - Administrator
Romania’s state-run hydropower company Hidroelectrica could complete its insolvency process by the end of December, sooner than initially estimated, the company’s legal administrator Euro In...