Energy
U.S. Oil Group Chevron Agrees To Declassify Contracts In Romania
U.S. oil group Chevron agreed to declassify the contracts signed with Romanian authorities, and the documents will be published Thursday, April 26, on the website of local mineral resources...
ArcelorMittal, Alro Say No State Aid Under Hidrolectrica Energy Deals
Steel giant ArcelorMittal Wednesday said its contracts signed with Romania’s power producer Hidrolectrica under which it bought energy at below-market prices do not constitute state aid.
CEZ In Advanced Talks To Buy Wind Projects In Romania
Czech utility CEZ is in advanced talks to purchase several wind energy projects in Romania, Germany and Poland, the group’s corporate affairs manager Adrian Borotea said Wednesday.
Transgaz Approves RON29.76/Share Dividend For 2011
Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Wednesday approved paying its shareholders a gross dividend of 29.76 lei (EUR6.79) a share from the 2011 profit, 3.4...
OMV Petrom Could Build A New Power Plant
Romania’s dominant oil company OMV Petrom (SNP.RO), controlled by Austria’s OMV, could build a second gas-fired thermal power plant, following the construction of an 860 MW plant in Brazi du...
Clunkers, Green House Program May Be Cut Short In 2012 Over Lack Of Funds
Romania's clunkers program and Green House scheme, which is designed to encourage the use of alternative energy systems, may be cut short in 2012 because the Environment Fund has a smaller b...
EU Launches In-Depth Probe Into Preferential Tariffs At Hidrolectrica
The European Commission has opened five distinct in-depth investigations to assess whether the Romanian state-controlled hydropower producer Hidroelectrica S.A. purchased or sold electricity...
Templeton Takes Foreign Investment Funds To Visit The Iron Gates And Cernavoda
Franklin Templeton, which manages the assets of Fondul Proprietatea investment fund, took the heads of foreign funds and investment bankers to see Romania’s biggest energy assets: the Iron G...
Uztel Ploiesti Sees Double Profit In 2012, At RON10M
Romanian oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) Tuesday estimated its net profit will almost double to 10.1 million lei (EUR2.3 million) in 2012, from RON5.4 million a year...