Energy
Romania's Power Output Down 18.8% On Year In First Quarter
Romanian energy output fell 18.8% on the year to 7.94 million tons of oil equivalent in the first quarter, hurt by falling production in the hydropower sector, official data showed Wednesday...
OMV Petrom 1Q Net Profit Soars To RON1.38B
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit after minorities rose 65% on the year to a record 1.385 billion lei (EUR381 million) in the first quarter, help...
Metrorex Seeks To Buy Energy For RON62M
Bucharest subway operator Metrorex will hold a tender at the end of May to buy electricity for one year, through a contract worth an estimated 62.64 million lei (EUR14.22 million).
Tender Group To Invest $100M In W.African Oil Field
Romanian Tender Group, controlled by local businessman Ovidiu Tender, will invest $100 million in exploration works at an oil field in Senegal/Guinea-Bissau, western Africa, the group’s owne...
Roman Copper Takes Romania To Court Over Cupru Min Privatization
Canadian-based Roman Copper Corp. announced it has filed legal action against Romania’s industry privatization office OPSPI, after the latter unilaterally ceased discussions for the privatiz...
Romania Faces Energy Shortage As Many Power Plants Are Obsolete
Major energy groups operating in Romania say the local market might be faced with an electricity shortage as of 2016 because most of the country’s thermoelectric or hydroelectric power plant...
World Bank Urges Energy Heavyweights To Invest In Romania
The World Bank is sending out a strong message to the international energy giants, which arrived in Romania via privatization processes, asking them to commit to significant investments and...
Lack Of Offers Limits ArcelorMittal Galati's Energy Purchase Options
ArcelorMittal Galati, a unit of the world’s largest steelmaker ArcelorMittal, has not renewed its bid to buy electricity on the Romanian power exchange OPCOM because of lack of offers, gener...
Romania Eyes Local, International Listing Of Key Power Companies
Romanian authorities plan to list minority stakes in key state-run energy and natural gas companies both on the Bucharest Stock Exchange and on international markets, economy minister-design...