Energy
KazMunayGas Invites Romania To Set Up Joint Venture In Kazakhstan
Kazakh state-run oil and gas company KazMunayGas wants to attract Romanian capital for a joint well services company in the Asian country, the Romanian Economy Ministry said in a statement M...
Romanian-U.S. Experts To Assess Environmental Impact Of Shale Gas Exploitation
Romanian Economy Minister Daniel Chitoiu and U.S. Ambassador to Bucharest Mark Gitenstein decided to set up a Romanian-U.S. expert workgroup tasked with analyzing the impact of shale gas exp...
Electrica GM Resigns
Ioan Folescu, general manager of Romanian energy supplier Electrica, resigned Friday, after the new administration expressed its doubts over his lack of political involvement.
Fitch Ups Outlook On Rompetrol's 'B+' Rating To Stable
Fitch Ratings on Friday revised the outlook on Netherlands-based The Rompetrol Group N.V. (TRG) to stable from negative while affirming its long-term foreign currency issuer default rating a...
Romania To Keep Oil, Gas Royalty Rates Unchanged Until 2015
Romania will maintain its current royalty rates for oil and gas companies unchanged until 2015, Economy Minister Daniel Chitoiu said Friday.
Economy Minister: Romania To Name First Private Manager In State Company By End-June
Romania will appoint the first private manager in a state company by the end of June, Economy Minister Daniel Chitoiu told a news conference Friday.
Basescu: Romania Wins With Any Alternative Energy Project In Balkans
President Traian Basescu said Friday that any of the alternative energy supply projects in the Balkan region is a win for Romania, whether it is Nabucco, the South East Europe Pipeline or th...
Basescu: Romanian Public Must Be Shown That Shale Gas Exploitation Poses No Major Risk
Romanian President Traian Basescu said Friday Romania must develop a strategy to explain to the public that shale gas exploitation does not pose major risks.
Economy Minister: Hidrolectrica Bilateral Contracts No Longer Underpriced
Romanian state-run hydropower generator Hidrolectrica has managed to amend its controversial bilateral electricity contracts signed with corporate clients and had updated its tariffs with cu...