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Government To Reexamine Ordinance Raising Mining Royalties
Energy

Government To Reexamine Ordinance Raising Mining Royalties

The ordinance increasing royalties on the mining of ferrous and nonferrous ores, gold, platinum and silver, and the transport of oil was read by Romania's Government at the end of last year,...

Radu Bostan · 30.03.2012 · 19:33 · 3 min
Romanian Farmers Deserve Cheaper Energy – Agriculture Minister
Energy

Romanian Farmers Deserve Cheaper Energy – Agriculture Minister

Romania's Land Improvement Agency (ANIF) wants to become an energy supplier for the agriculture sector, with regulated prices, agriculture minister Stelian Fuia said Friday, adding that farm...

Radu Bostan · 30.03.2012 · 16:55 · 1 min
Chevron Agreements Are Not "Blank Check" - Environment Ministry
Energy

Chevron Agreements Are Not "Blank Check" - Environment Ministry

Romania’s Environment Ministry approved the shale gas drilling agreements concluded between mineral resources authority ANRM and US giant Chevron, and the agreements include environment obli...

Andrei Cîrchelan · 30.03.2012 · 15:33 · 2 min
Ibcoenerg: Solar Energy Could Be A Hot Market, Large Players Are Needed To Unleash Its Potential
Energy

Ibcoenerg: Solar Energy Could Be A Hot Market, Large Players Are Needed To Unleash Its Potential

Solar energy appears to be the new star of the renewable energy market after two years in which investments in wind farms have been in the spotlight, attracting over EUR1.5 billion.

Roxana Petrescu · 30.03.2012 · 00:00 · 3 min
US Halliburton To Open Production Facility In Ploiesti West Park
Energy

US Halliburton To Open Production Facility In Ploiesti West Park

US giant Halliburton rented 7,700 square meters in Romanian industrial park Ploiesti West Park, where it will build a production unit as the first stage of a wider investment plan, according...

Andrei Cîrchelan · 29.03.2012 · 15:30 · 1 min
Brokers Of Transelectrica's Offering Confirm Sale Price
Capital Market

Brokers Of Transelectrica's Offering Confirm Sale Price

Brokers of the secondary public offering of Romania's power grid operator Transelectrica (TEL.RO) Thursday confirmed the sale prices at 14.9 lei (EUR3.4) per share for institutional investor...

Andrei Cîrchelan · 29.03.2012 · 15:20 · 1 min
Rompetrol Rafinare Sees 2012 Loss Narrowing To $86M
Energy

Rompetrol Rafinare Sees 2012 Loss Narrowing To $86M

Romanian Rompetrol Rafinare SA (RRC.RO), which clusters the refinery operations of oil group Rompetrol, expects to reduce its loss this year to $86 million, from $167.4 million in 2011.

Andrei Cîrchelan · 28.03.2012 · 17:38 · 1 min
Romania’s Government OKs Chevron For Shale Gas Drilling
Energy

Romania’s Government OKs Chevron For Shale Gas Drilling

Romania’s government approved the exploration and drilling agreements concluded between local mineral resources agency ANRM and US oil group Chevron for three Black Sea blocks.

Andrei Cîrchelan · 28.03.2012 · 15:29 · 1 min
Energy

Manager Shortlists For Romanian State Companies To Be Finalized By April 30, May 15

The shortlist of private managers for Romanian companies Hidroelectrica, Oltchim and Romarm will be completed by April 30, and the list for Electrica Furnizare will be done by May 15, after...

Radu Bostan · 28.03.2012 · 14:39 · 1 min