Energy
Rompetrol To Add 150 Gas Stations To Romanian Network By 2017
Romania’s second-largest oil group Rompetrol plans to expand its local gas stations network by 150 units over the next five years, chief executive officer Zhanat Tussupbekov said Thursday.
Chimcomplex Fails To Buy Oltchim’s Debt To Electrica
Romanian chemical plant Chimcomplex Borzesti (CHOB.RO), owned by businessman Stefan Vuza, has not bought the EUR150 million debt of chemical plant Oltchim Ramnicu-Valcea (OLT.RO) to state-ru...
BNR: IMF Deal Not Endangered By Negative Outcome Of Oltchim Sale
A potentially failed privatization of Romania’s financially-troubled chemical company Oltchim (OLT.RO), while sending a negative signals to investors, would not endanger the country’s agreem...
Rompetrol Completes $380M Upgrade Of Petromidia Refinery
Romania’s second-largest oil group Rompetrol, a unit of Kazakh KazMunayGas, Thursday said it has completed a six-year upgrading process at its Petromidia refinery that will increase processi...
Romania Plans To Give EUR40M State Aid To Oltchim Unless Diaconescu Pays For Stake
The Romanian Government will give a EUR40 million state aid to chemical plant Oltchim Ramnicu-Valcea (OLT.RO) for the payment of wages and production restart, if the winning bidder Dan Diaco...
Enivronment Minister: Romania Mulls Simplifying Financing For Renewable Energy Projects
The Romanian Government aims to settle and speed up the signup and financing of renewable energy projects, according to a recently drafted emergency ordinance on amending the energy and gas...
Government Allots RON20M For Projects Already Submitted Via Green House Program
The Romanian Government has allotted 20 million lei (EUR4.4 million) by the end of the year to finance the projects already submitted under the Green House program, Environment Minister Rova...
Ponta Asks Economy Minister To Draft Special Administration Strategy At Oltchim
Romanian Premier Victor Ponta Wednesday asked economy minister Daniel Chitoiu to draft the Government backup strategy by Monday deadline of signing the Oltchim (OLT.RO) sale deal by the winn...
Oltchim Employees Continue Protests Over Unpaid Wages, Production Halt
Nearly 500 employees of Romanian chemical plant Oltchim Ramnicu-Valcea (OLT.RO) resumed protests Wednesday morning, arguing they will drop protests only when the company’s production is resu...