Energy
Nearly 50% Of Romania Transelectrica SPO Subscribed In 8 Days
Investors subscribed Friday a little over a third of the 15% stake Romania is offering in state-run power grid operator Transelectrica (TEL.RO), bringing the total stock sold to around 7%.
Analysts Estimate Former Owners Must Have Collected At Least EUR180M For Azomures
Andreas Zivy, the Swiss businessman who controls grain trader Ameropa, became the chairman of Azomures’s board of directors as soon as the deal with the former owners was completed. The Turk...
Rompetrol Announces Hydrocarbon Discovery At Satu-Mare Block
Romanian second largest oil group Rompetrol NV Thursday announced a hydrocarbon discovery at two wells in its Satu-Mare perimeter drilled jointly with Canadian Winstar Resourses Ltd.
Transelectrica Proposes RON1.1/Share Dividend For 2011
Romanian state-run power grid operator Transelectrica (TEL.RO) Thursday proposed paying out a gross dividend of 1.1 lei (EUR0.251) a share from the 2011 net profit, well above RON0.116 paid...
Wind Power Investment Plans Exceed Capacity Of All Other Types Of Power Plants In Romania
The data published by national grid company Transelectrica on Wednesday show that wind power projects with a capacity of over 10,450 MW have grid connection contracts signed at the moment, w...
Oltenia Cluster Companies Are Currently Investing EUR1B
The companies that will form state-owned power production cluster CE Oltenia are unfolding investment worth a total EUR1 billion, including conformity with EU environment norms and mining ac...
Romania Mulls RON3.4B From Selling Shares In State Companies In 2012
The Romanian government estimates it will raise 3.44 billion lei (roughly EUR800 million) from selling shares in several state-run companies administrated by the industry privatization offic...
Sterling Secures 40% In Third Black Sea Oil Block
Midia Resources SRL, owned by Canadian Sterling, will take over 40% of an oil block in the Black Sea, currently leased by Melrose and Petromar.
Vulcan Bucuresti Inks $54M Deal With Kuwait Oil Company
Steam generator maker Vulcan Bucuresti (VULC.RO), owned by businessman Ovidiu Tender, on Thursday announced it has won an auction held by Kuwait Oil Company to deliver equipment worth a tota...