Energy
Insolvent Hidroelectrica’s Administrator Rejects Claims Of RON1.2B
The legal administrator of Romanian insolvent company Hidroelectrica rejected all reparation claims filed by firms which signed direct energy delivery contracts with the hydropower producer.
Romania January-July Power Output Falls 2% On Year
Romanian energy output decreased 2% on the year to 13.32 million tons of oil equivalent in the first seven months, on falling production in the hydropower and nuclear sectors, official data...
Prospectiuni Mulls Taking Up To EUR6.5M Loan From Eximbank
Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO) Thursday announced it will discuss in stockholders’ meeting October 10 on taking a loan of up to EUR6.5 million from Eximbank...
Franklin Templeton Fund Buys 0.044% In OMV Petrom For RON9.7M
An investment fund administrated by Franklin Templeton Investments has bought a total stake of 0.044% in OMV Petrom (SNP.RO) on the Bucharest Bourse Wednesday, for 9.7 million lei (EUR2.1 mi...
Romania Pays EUR1.2B For Imported Fuel, While Shutting Down Refineries
The volume of imports of gasoline and diesel doubled between 2007 and 2011, with Romania ending up paying EUR1.2 billion last year for fuel made abroad, almost three times as much as in 2007...
Transgaz To Upgrade Gas Transport System Between 2012-2016
Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Wednesday said it will upgrade the national gas transport system between 2012 and 2016, which will bring the company...
Martifer Solar Romania Launches First Photovoltaic Energy Project, Plans Others
Martifer Solar Romania, a unit of Portugal’s industrial group Martifer, has officially launched Wednesday its first photovoltaic energy project in the eastern county of Vrancea, and announce...
Nuclearelectrica Moves Broker Selection To Sept 28
Romanian state-owned energy producer Nuclearelectrica has delayed until September 28 an auction to select brokers for its planned 10% initial public offering due next year, the company said...
Oltchim Chief Resigns; 15 Managers To Follow Suit
Constantin Roibu, the general manager of Romania’s state-run chemical company Oltchim SA (OLT.RO), has resigned his position effective immediately, the company said in a statement Wednesday.