Energy
US Ambassador Says He’ll Talk To Romanian Economy Ministry On Shale Gas Moratorium
US Ambassador to Bucharest Mark Gitenstein Thursday said he will discuss with Romanian Economy Minister Daniel Chitoiu on the government’s intention to impose a moratorium on shale gas explo...
Rompetrol Well Services Inks $0.8M Service Deal In S. Sudan
Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, has won a $800,000 service contract at an oil well in South Sudan, the company said Thursday.
Nuclearelectrica Cancels Auction To Select Broker For Upcoming IPO
Romanian state-owned energy producer Nuclearelectrica Thursday cancelled an auction to select a broker for its planned 10% initial public offering on the Bucharest Stock Exchange, saying the...
What Is The Salary Package Of The Only Romanian CEO Of A Multinational Group?
Gheorghe Dobra, the chief executive of aluminum smelter Alro Slatina (ALR.RO) will remain CEO of Alro's parent group Vimetco for one more year, after taking this position at the beginning of...
Oil Companies To Pay Additional Taxes As Of 2013, Romanian Economy Minister Says
Romanian Economy Minister Daniel Chitoiu on Wednesday said the government is drafting up a bill introducing additional taxes on one-time revenue gains of oil companies to be enforced startin...
How Azomures Became One Of Romania’s Largest Companies
The increase in the price of chemical fertilizers worldwide has driven Azomures’ (AZO.RO) revenue over the EUR100 million per quarter mark, and the partial subsidies of the gas price helped...
Petrolexportimport 1Q Revenue Down 35% To RON73.7M
Romanian fuels wholesaler Petrolexportimport (PEI.RO) reported 35% lower revenue in the first quarter, 73.7 million lei (EUR16.59 million) from RON113.6 million, but the company made a profi...
Armax Gaz 1Q Sales Down 46% To RON17.9M
Romanian oil and gas equipment maker Armax Gaz Medias (ARAX.RO) reported sales of 17.9 million lei (EUR4.03 million) in the first quarter, down 46% from the RON33.4 million posted in the sam...
Alro's Net Profit Falls 60% To RON49M In 1Q
Romanian Alro Slatina (ALR.RO), the largest aluminum smelter in southeast Europe, Tuesday said its net profit fell 58.9% on the year to 49.36 million lei (EUR11.3 million) in the first quart...