Energy
Competition Watchdog Looks Into Petrom LPG Takeover By Crimbo Gas
Romania's Competition Council Tuesday said it is looking into the takeover deal of Petrom LPG, a subsidiary of Romania’s largest oil company OMV Petrom (SNP.RO), by Crimbo Gas International.
Govt Increases Number Of Electrica Shares To Be Sold In Bucharest
Romania’s Economy Ministry plans to sell stakes of 39% in each of the three distribution units belonging to state-run power company Electrica, according to a draft government decision.
Hidrolectrica To Activate Force Majeure On Power Deliveries Tuesday
Romanian insolvent hydropower producer Hidroelectrica will activate a force majeure on Tuesday, for the second time in less than a year, due to prolonged drought, which caused river flows to...
EnergoBit Invests EUR40M In Wind Farm In Tulcea
EnergoBit, one of the leading players on the market of energy equipment, controlled by three Romanians, will invest EUR40 million in the development of a 27-MW wind farm in Tulcea (SE Romani...
Romania’s Required Oil Stocks Financed Solely By Companies In 2012
Romania’s mandatory minimum stocks of oil products will be financed in 2012 entirely from the budgets of oil companies, according to a draft government decision.
Miners At Romania’s Sole Uranium Mine End Protests, Will Resume Work Monday
The 300 miners at the Crucea uranium mine in northeastern Romania, who barricaded themselves underground Thursday morning demanding higher wages, decided Friday to end protests, after promis...
Nuclearelectrica Head: There Are More Than Enough Reasons To Continue Nuclear Power Projects In Romania
Dumitru Dina, head of nuclear energy producer Nuclearelectrica, a EUR375 million business in 2011, says there is no reason why Romania should not go ahead with its nuclear energy program des...
OMV Petrom Completes Trials Of Brazi Thermal Power Plant
OMV Petrom (SNP.RO) has completed the trials of its thermal power plant at Brazi, meaning the plant can begin supplying energy to the market, the company announced Thursday.
Miners Continue Protest As Wage Raise Negotiations Fail
The 300 miners at the Crucea uranium mine in Suceava county, who barricaded themselves underground Thursday morning displeased with wages and work conditions, decided to continue protests, a...