Energy
Alro Sees 2012 Net Profit Down 5% To $71.3 million
Romanian aluminum smelter Alro Slatina (ALR.RO), a unit of Dutch-registered metals group Vimetco, forecasts a net profit of $71.3 million in 2012, down 5% on the year, on lower sales.
OMV Petrom To Pay RON1.7B As Dividends
Shareholders of Romanian dominant oil company OMV Petrom (SNP.RO) Friday approved paying out a gross dividend of 0.031 lei (EUR0.007) a share from the 2011 profit, 75% higher on the year.
Romanian SMEs To Be Able To Access EUR60M For Investments In Energy Saving Projects
Romanian small and medium-sized enterprises, energy services firms, as well as associations of owners will be able in the next three years to access funds of EUR60 million ensured by the EU...
Transelectrica Pays RON1.1/Share Dividend In 2012
Romanian state-run power grid operator Transelectrica (TEL.RO) approved paying out a gross dividend of 1.1 lei (EUR0.251) a share from the 2011 net profit, well above RON0.116 paid last year...
OMV Petrom To Change Names Of Its Fuels
Romania's gas company OMV Petrom (SNP.RO) on Tuesday will change the names of its gasoline and diesel oil, the company said in a press release Thursday.
Azeri SOCAR To Invest EUR50M In Romania Network Expansion
Azeri state-run oil company SOCAR plans to expand its gas station network in Romania to 40 units by year-end and will allocate around EUR50 million for the new investments, Hamza Karimov, ge...
Chinese Businessmen Keen On Investing In Romania’s Agriculture, IT, Energy Sectors
Chinese businessmen have expressed interest in investing in projects in Romania’s sectors of agriculture, information technology, infrastructure and energy.
Rompetrol Well Services 2012 Profit Seen Up 11% To RON17.5M
Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, estimates its net profit will increase by 11% to 17.5 million lei (roughly EUR4 million) in 2012, as...
Romania Declassifies Chevron Deals For Black Sea Blocks
Romanian mineral resources agency ANRM Thursday declassified a series of gas exploration contracts signed with US giant Chevron, after the latter agreed to make them public.