Energy
Romgaz Awards RON88.3M Contract To Upgrade Storage Facility
Romanian state-run natural gas producer Romgaz Medias has awarded an 88.26 million lei (EUR20.3 million) contract to INSPET Ploiesti to upgrade its storage facility in Bilciuresti locality,...
Romania Will Try To Postpone Energy Market Liberalization – President
Romania will try to negotiate with the International Monetary Fund a later date to liberalize its energy market, President Traian Basescu told a news conference Sunday.
Romania’s CNH To Cut Wages Of Top, Middle Management By 30%
Managers and chief engineers with Romanian state-owned coal mining company CNH will have their wages cut by 30% come February 1, the company and its union decided Saturday.
Transgaz Signs Brokerage Deal For Upcoming Public Offering
A consortium comprising Raiffeisen Capital & Investment, BT Securities and Czech brokerage firm Wood& Co. Wednesday signed an agreement to broker the secondary offering for a 15% stake in Ro...
Alstom Power Italy Wins EUR53.3M Gas Desulfurization Deal In Romania
Alstom Power Italy, a unit of French-based power company Alstom, has won a 227.5 million lei (EUR53.3 million) contract to build a gas desulfurization unit at Romania’s Craiova Power Plant.
Proprietatea Fund To Sell Energy, Gas Stock In 2012
Romanian investment fund Fondul Proprietatea (FP.RO) plans to sell part of its natural gas and energy stocks in 2012, the fund’s manager Greg Konieczny said Wednesday.
Rompetrol Signed Partnership With Total For $35M Investment Last Year
Titov Buzescu, retail vice-president of Rompetrol, the second-largest oil player on the Romanian market, said cost cuts went ahead in 2011, but investments also continued.
SNC-Lavalin Signs C$48M Venting Systems Deal At Cernavoda Power Plant
Canadian engineering giant SNC-Lavalin Group Inc. Tuesday said it has won a CAN$ 48 million contract to install venting systems at Romania’s Cernavoda nuclear power plant.
Goldman Sachs-Led Consortium To Broker Romgaz IPO - Sources
A consortium including US bank Goldman Sachs and Austria’s Erste Bank AG will broker the sale of a 15% stake in Romanian natural gas producer Romgaz, sources in the capital market told Media...