Energy
Over 100 Employees Have Left Rompetrol This Year
Rompetrol, the second-largest player on the Romanian oil market, continued cost cuts in the first part of this year, with over 100 people having left the group since the beginning of 2012. R...
Electrocarbon Plans RON18M Capital Hike
Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO) wants to increase its share capital by 18 million lei (EUR4.03 million), from RON44.8 million to RON62.8 million, through...
Romania Receives Formal Notification From EU Over Gas Trade Market
The European Commission formally notified Romania it has filed legal action with the EU Court of Justice over the country’s faulty natural gas cross-border trade regulations, Romanian Prime...
Ameropa Launches RON282M Takeover Bid For 24% Of Azomures
Swiss grain and fertilizer trader Ameropa Holding will launch a takeover offer for the 24.12% stake it doesn’t own in Romanian chemical fertilizer producer Azomures (AZO.RO) for a total of 2...
Petrom In 2021: What The Largest Oil Company In Romania Could Look Like In 10 Years
Petrom, the largest oil company in Romania, is preparing its strategy for the next decade, and the document will be presented this summer, according to the latest available information.
KazMunayGas Names New CEO At Rompetrol
Kazakh state-run oil and gas company KazMunayGas Tuesday said it has appointed Zhanat Tussupbekov as the new chief executive officer of its Romanian unit Rompetrol.
Romanian River Polluted As OMW Petrom Oil Pipe Cracks
About four kilometers of Romanian river water have been polluted, as an oil pipe belonging to company OMV Petrom (SNP.RO) fissured Tuesday.
ANRE Might Propose Reduction Of State Aid For Solar Power Production
Romania’s energy watchdog ANRE will rethink in June the aid scheme for investments in photovoltaic power projects, and might propose a reduction of the number of green certificates granted f...
GDF Suez Energy Romania Wins RON66M Financing For Network Upgrades
Romanian Economy Ministry has awarded a 66 million lei (EUR14.8 million) financing to the local unit of French utility GDF Suez for upgrade works at the Bucharest natural gas network, the mi...