Energy
Chitoiu: Hidroelectrica To Exit Bankruptcy In 4Q
Romanian Economy Minister Daniel Chitoiu Friday said power producer Hidrolectrica could emerge from bankruptcy by the fourth quarter of 2012 at the latest.
OMV Petrom 2Q Gas Sales Fall 35% On Quarter
Romanian leading oil company OMV Petrom (SNP.RO) reported a 35.6% decline in natural gas sales volumes to 11.16 Terawatts per hour in the second quarter, largely due to restructuring at its...
Economy Minister Says More Hidroelectrica Bilateral Energy Contracts Will Be Terminated
Romanian Economy Minister Daniel Chitoiu on Thursday ensured the country’s Supreme Defense Body that no asset belonging to insolvent hydropower producer Hidroelectrica will be sold otherwise...
Condmag Borrows RON12M From Intesa Sanpaolo
Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) Thursday said it will take out a 12 million lei (EUR2.6 million) loan from Italy’s Intesa Sanpaolo.
Hidrolectrica Sells RON6.2M Worth Of Electricity On OPCOM
Romania’s insolvent energy producer Hidroelectrica has sold 24,480 megawatts of electricity on the local energy exchange OPCOM for a total of 6.2 million lei (EUR1.3 million), the company sa...
Supreme Defense Body Meets To Discuss Bulgaria Terror Attack, Hidroelectrica Insolvency
Romania’s Supreme Defense Council assembles Thursday to discuss the suicide bomber attack that occurred Wednesday on a Bulgarian airport and the legal situation of insolvent state-owned elec...
Transelectrica Approves Dual Board System
Romanian power grid operator Transelectrica (TEL.RO) Wednesday approved changing its board structure from unitary to dual, the company said in a statement.
Antitrust Body Clears Takeover Of Three Gas Stations By Nis Petrol
Romania’s Competition Council said Wednesday it has authorized the takeover of three independent gas stations located in Arad and Sibiu by firm Nis Petrol, member of Russian group Gazprom.
Gas Transmission System Expanded To 35,680 Km Of Pipelines In 2011
Romania’s natural gas pipeline system expanded by 955 kilometers to 35,680 kilometers in 2011, data from the statistics institute INS showed Wednesday.