Energy
Azomures 1H Turnover Up 14% To Almost RON1B
Romanian chemical fertilizer maker Azomures (AZO.RO) on Friday announced its turnover increased by 14% in the first semester, to 995.1 million lei (EUR226.6 million), while its profit climbe...
Rompetrol Rafinare's 1H Loss Widens To $132M
Romanian oil company Rompetrol Rafinare (RRC.RO), a unit of The Rompetrol Group, Friday reported a net loss of $131.8 million for the first half of 2012, wider than $63.7 million in the year...
Oltchim’s Privatization To Kick Off With Sealed-Bid Auction Sept 14
The Romanian government has modified the privatization chart for state-run chemical company Oltchim SA (OLT.RO) and announced that will start the proceedings with a sealed-bid auction instea...
Transgaz Expects 6.4% Lower Profit In 2012
Romania’s state-run natural gas pipeline operator Transgaz Medias (TGN.RO) estimates its net profit will fall 6.4% to 355 million lei (EUR78.3 million) in 2012, from RON379.5 million in the...
CEZ Romania 1H Production, Trading EBITDA Rises To EUR63M
CEZ Romania, a unit of Czech power group CEZ AS, reported first-half operating profit before taxes of CZK1.6 billion (EUR63 million) from production and trading operations, more than double...
Investment Fund Sells 5.7% Stake In Rompetrol Well Services For RON4.3M
Dutch investment fund Palmer Capital Emerging Europe Equity Fund, former MEI Roemenie en Bulgarije, Thursday sold a 5.76% stake of Rompetrol Well Services (PTR.RO) for 4.3 million lei (EUR95...
Rompetrol Well Services 1H Net Profit Down 2% To RON6.2M
Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, Friday said its net profit fell some 2% on the year to 6.2 million lei (EUR1.36 million) in the firs...
Uztel Switches To Profit In First Half
Romanian oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) Friday said it switched to a net profit of 763,000 lei (EUR168,000) in the first semester of 2012, from losses of RON3.1 duri...
Oil Terminal 1H Sales Down 6.4% To RON52.7M
Romanian oil storage and shipment firm Oil Terminal (OIL.RO) Friday said first-half sales slid 6.4% on the year to 52.75 million lei (EUR12 million), due to lower demand for petroleum produc...