Energy
Romania And Moldova Eye Completing Project On Natural Gas Interconnection Pipeline In 2012
The ministers of the Romanian and Moldovan Cabinets decided the project targeting the interconnection of the natural gas transportation networks will be completed this year, Moldovan Prime M...
EU-Funding Unlikely For Thermal Rehabilitation – Minister
Romanian development minister Cristian Petrescu on Friday said there is little chance for the thermal rehabilitation of buildings to receive EU funding, which means the ministry will have to...
Oltchim Extends Furloughs Again
Romanian chemical company Oltchim (OLT.RO) Thursday said it has extended a furlough for more than 700 employees for another month until end-March, because of raw material and liquidity short...
New Economy Minister Wants Higher Royalties From Petrom Before 2014
Lucian Bode, the man who has been running the Economy Ministry for about three weeks, overseeing the most valuable state-owned companies in Romania, says in his first media interview that on...
Two Consortia File Bids To Run Hidroelectrica’s IPO
Romanian state-run hydropower generator Hidroelectrica Thursday said two consortia filed bids to assist with the sale of a 10% stake on the Bucharest Stock Exchange due for completion in the...
Tenaris Buys Romanian Plant From US Cameron
The Tenaris group on Thursday said it has bought one of the two production units owned by US oil and gas equipment maker Cameron.
ZF Power Summit ‘12 Conclusion: Energy Market Needs Massive Investment
The energy sector's high potential to attract investments, the market's deregulation and the pump price of gas were the main topics approached by those attending the Power Summit ’12, an eve...
Prospectiuni Pretax Profit Rises To RON41.2M In 2011
Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO) Wednesday said its pretax profit rose to 41.2 million lei (EUR9.5 million) in 2011, well above the RON1.8 million reported in...
Romgaz To Invest $500M In Geological Surveys Over Next Four Years
Romanian state-run natural gas producer Romgaz will invest some $500 million (EUR372 million) in geological surveys at eight onshore fields leased from the national mineral resources agency,...