Energy
A Free Gas Market Could Bring Higher Royalties
As Romania could cover its gas consumption needs from its own resources over the next few years, the royalties collected by the state could in turn rise, especially against the backdrop of t...
Privatization Money Will Be Wasted Unless Spent On Real Projects
Romania risks privatizing companies for nothing if the money goes to wage and pension payments. The government has to come up with real projects for spending the almost EUR240 million to be...
ANRM: Romania’s Natural, Shale Gas Reserves May Cover Local Consumption
Romania’s natural gas and shale gas reserves may be enough to cover local consumption, but it’s too soon to make an evaluation, Alexandru Patruti, president of mineral resources regulator AN...
Mineral Resources Regulator To Issue Permits For New Blocks
Romanian mineral resources regulator ANRM will issue permits for new oil and gas blocks in the Black Sea, after the government approves agreements concluded in 2010.
EC Looks Into “Wise Guy” Deals In Energy
The European Commission is looking into the possibility of state aid granted to the energy “wise guys” through the bilateral contracts signed with hydropower producer Hidroelectrica, and the...
Chevron Details Investment Plans In Romania Exploration Blocks
US giant Chevron on Monday said the company intends to create jobs, protect the environment and help local communities in Romania, in response to social and political tension sparked by its...
Potential Nuke Plant Investors Want Better Pricing - Official
Potential investors in reactors 3 and 4 at nuclear power plant Cernavoda are awaiting a “closer to reality” price evaluation for the project, but authorities are also considering going solo...
Ponta Accuses Ungureanu Government Of Selling "Whatever Is Left Of Romania’s Mineral Resources"
Romania’s opposition Social Democratic Party leader Victor Ponta on Sunday accused the Government led by Prime Minister Mihai Razvan Ungureanu of “selling whatever is left of Romania’s miner...
Cupru Min Will Pay Current Mining Royalties Until Romania Changes Tax
The future owner of Romanian mining company Cupru Min Abrud will pay 4% royalties on the extraction of nonferrous ores and will not be exempt from paying higher royalties later through a spe...