Energy
Government Change Delays Romania's Privatization Plans
Oltchim Ramnicu Valcea (OLT.RO), the largest chemical plant in Romania, posted losses of 82.8 million lei (around EUR19 million), which means that for every day its privatization is delayed,...
Tender Grup To Probe 5,300 Square Km Oil Block In West Africa
Tender Grup, controlled by Romanian businessman Ovidiu Tender, has signed a lease agreement with the Agency for Management and Cooperation between Senegal and Guinea-Bissau for the geologica...
Shareholders Approve Creation Of Power Company CE Oltenia
The shareholders of Romanian energy complexes Craiova, Rovinari and Turceni on Monday approved their merger into Complexul Energetic Oltenia, according to a report sent Thursday to Fondul Pr...
Siemens Romania Turnover Exceeded EUR500M In Last Three Years
German group Siemens' turnover on the Romanian market exceeded EUR500 million in the last three years from its operations in industry, energy, healthcare and IT.
Cernavoda Shuts Down Nuke For Planned Overhaul
Romanian state-owned energy producer Nuclearelectrica will temporarily shut down the second reactor at its nuclear power plant in Cernavoda for a scheduled overhaul, the company said in a st...
Petrom Hikes Pump Prices By RON0.06/Liter
Romania's largest oil company OMV Petrom (SNP.RO) on Thursday increased pump prices for gasoline and diesel oil by RON0.06 (EUR0.0135) per liter.
Oltchim Loss Widens To RON82.8M In First Quarter
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Thursday said its loss widened substantially in the first quarter, as sales nearly halved on the year.
Wind Farm Projects In Dobrogea Might Bring CEZ Green Certificates Worth EUR120M In 2012
Wind turbines planted by Czech group CEZ in Dobrogea, in Fantanele and Cogealac, will put over EUR170 million into the pockets of CEZ, with the group thus becoming one of the largest local p...
Enel Borrows EUR180M To Finance Wind Farms In Romania, US & Brazil
Enel Green Power International, a unit of Italy’s utility Enel, Wednesday said it has obtained a EUR180 credit line from Dutch Export Credit Agency to finance wind projects in Romania, the U...