Energy
Oltchim May Hike Share Capital By RON2B
Romania’s chemical producer Oltchim Ramnicu Valcea (OLT.RO) may hike its share capital by 2.059 billion lei (EUR4.5 million) utmost, to RON2.093 billion, through the conversion into shares o...
Alro Slatina To Pay 70% More For Energy From Hidroelectrica
Romanian aluminum smelter Alro Slatina (ALR.RO) will pay 70% more for the electricity bought from state-owned hydropower producer Hidroelectrica.
Retrasib Sales Fall 30% On Year In First Half
Romanian power transformers manufacturer Retrasib Sibiu (RTRA.RO) Thursday reported sales of 16 million lei (EUR3.6 million) in the first half, down 30% on the year.
Petrom Sees Energy Imports Rising To 46% Of Consumption By 2030
Romanian energy imports are likely to reach 46% of the total consumption in 2030, according to estimates of dominant oil company OMV Petrom (SNP.RO), which said the country needs more invest...
Bulgarian Company Might Build Seven Micro Hydro Facilities In Romania
Bulgarian company PVB Power might build seven micro hydropower facilities on the Somer river, northwestern Romania, following an investment estimated at over EUR220 million, Cluj county coun...
Hidroelectrica Gets Approval In Principle To Cut Deliveries On Regulated Market
Romanian insolvent energy producer Hidroelectrica has received authorization in principle to cut back electricity deliveries through the regulated market while adjusting the sale prices to c...
Power Output Down 1.8% On Year In January-June
Romanian energy output fell 1.8% on the year to 11.45 million tons of oil equivalent in the first six months, due to declining production in the hydropower and nuclear sectors, official data...
OMV Petrom 2Q Net Profit Falls To RON643M
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit after minorities fell 29% on the year to 643 million lei (EUR141.6 million) in the second quarter, mostly due t...
Rompetrol Rafinare Board Chairman Steps Down
Romania’s second largest oil refinery Rompetrol Rafinare (RRC.RO) Tuesday said Yerzhan Orynbassarov has resigned his position of chairman of the board, being replaced by Azamat Zhangulov.