Energy
ExxonMobil To Invest $1.2B In Oil Drilling At Romanian Black Sea Block
ExxonMobil Exploration and Production Romania, the local unit of US giant ExxonMobil, plans to invest up to $1.23 billion over the next two years in drilling works at a Black Sea offshore pe...
Romanian MP, Former Head Of ANRE, Indicted For Fraud
Romanian MP Olosz Gergely, who was head of energy regulator ANRE between 2007 and 2008, has been indicted for influence peddling, the National Anticorruption Department (DNA) said in a press...
How Much Romania Will Make From The EUR17B Gas Reserves Found In The Black Sea
New wells are being dug by the world’s major oil players, but the first signal came from Romanian field Neptun, where Petrom and US ExxonMobil have already found a gas accumulation worth EUR...
Oltchim Will Put Public Procurement Contracts At Privatization Office’s Disposal
Romanian chemical company Oltchim (OLT.RO) will send all its public procurement contracts whose initial value exceeds EUR500,000 to the Economy Ministry’s privatization office OPSPI.
Economy Ministry: CNH Sold Coal Below Costs In 2009-2011
Romanian state-run coal mining company Compania Nationala a Huilei (CNH) posted total losses of 543.7 million lei (EUR121 million) in 2009-2011 because it sold coal at prices below the cost...
Euro Insol Wants To Take To Court Three Former GMs Of Hidroelectrica
Insolvency firm Euro Insol, the court-appointed administrator of Romanian hydropower producer Hidroelectrica, asked the company’s shareholders to approve the start of legal proceedings again...
Hidroelectrica Upgrades Romanian Sluice Of Power Station Portile de Fier For RON236M
Romania’s hydropower producer Hidroelectrica upgraded the Romanian sluice of power station Portile de Fier to streamline navigation on the Danube River, the company said in a press release W...
Economy Ministry Privatization Office Head Resigns Over Failed Oltchim Sale
The head of the privatization office with Romania’s Economy Ministry, Remus Vulpescu, resigned Wednesday over the failed sale of chemical plant Oltchim Ramnicu Valcea (OLT.RO).
GM Says Oltchim Must Restart Operations, Pay Back Wages To Employees In Two Weeks
Mihai Balan, the new general manager of Romanian state-run chemical company Oltchim SA (OLT.RO), said Wednesday he will meet with bank officials to discuss unlocking the company’s accounts t...