Energy
Government Approves Energy Bill In Special Meeting
The Romanian Government approved the new energy bill in an extraordinary meeting Friday, in the absence of Deputy Prime Minister Marko Bela and Environment Minister Kelemen Hunor.
Romania Announces Two-Stage Privatization For Chemical Producer Oltchim
Romania’s Economy Ministry will use a two-stage privatization scheme to sell its 54.8% stake in state-run chemical plant Oltchim Ramnicu-Valcea (OLT.RO), according to the privatization annou...
Romania To See 11.5% Hike In Gas Import Prices In First Half
The average price of gas imported between January and June will be $493 per thousand cubic meters, up 11.5% from $442/1,000 cbm, the annual average for 2011, according to data from energy re...
Rafo Seeks EUR70M Loans For Upgrades
Romanian refinery Rafo Onesti (RAF.RO) seeks to borrow EUR60 million from external creditors and EUR10 million from its majority shareholder, Petrochemical Holding Austria, in an installatio...
EnergoBit Seeks Investors For Development
EnergoBit, one of the leading companies on the Romanian energy equipment market, received offers from private investors willing to get a stake in it and provide financial backing to its proj...
Prospectiuni Seeks EUR4.2M Loan To Buy Drilling Equipment
Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO) plans to borrow up to EUR4.2 million to purchase drilling equipment, the company said in a statement Wednesday.
ArcelorMittal Galati Seeks To Buy 3.15M MWh Of Energy At RON200/MWh
ArcelorMittal Galati, a unit of the world’s largest steelmaker ArcelorMittal, plans to buy 3.15 million megawatt hour of electricity on the Romanian power exchange OPCOM to sustain operation...
Rompetrol Group Gets 5-Year $200M Syndicated Loan
Romanian second largest oil group Rompetrol NV, a unit of Kazahstan’s KazMunayGas, has signed a five-year $200 million syndicated loan agreement with a consortium of banks led by Italy’s Uni...
Transelectrica Boss Looking For Purchase In Secondary Public Offering
The general manager of state-owned power grid operator Transelectrica (TEL.RO), Octavian Logan, on Wednesday said he and some of the company’s employees are interested in buying shares durin...