Energy
INS: Power Output +1.7% On Year In January-November 2011
Romanian power output rose 1.7% on the year to 21.47 million tons of oil equivalent in the first 11 months of 2011, fueled by higher production in most sectors, official data showed Wednesda...
Oil Companies To Challenge Fuel Probe Results, Competition Council Says Had Direct Evidence For It
The Competition Council on Tuesday delivered the most eagerly awaited verdict of a probe, saying that the major oil companies were guilty of having reached an understanding to withdraw a typ...
Basescu Asks Parliament To Reject Law Banning Natural Gas Exports
Romanian President Traian Basescu has asked the Parliament to reject a bill amending the gas law, whereby domestic production of natural gas is used on the internal market exclusively, until...
MOL Romania To Fight Competition Council’s Ruling In Fuel Market Probe
Oil company MOL Romania on Tuesday said it will challenge in court the 80.27 million lei (EUR18.5 million) fine received from the Competition Council within a fuel market probe involving sev...
OMV Petrom To Battle Competition Council’s Fine
Petrom group on Tuesday said it will challenge in court the fine received from Romanian competition authorities following a fuel market probe, saying the measure is unjustified.
Cheap Gas Supply To InterAgro Complied With Competition Rules
Cheap gas deliveries to InterAgro group's plants did not raise any competition red flags, buts this does not mean the state was not prejudiced, Tuesday said Bogdan Chiritoiu, president of th...
Rompetrol Group To Challenge Antitrust Fine In Court
Rompetrol, one of the six oil companies fined by the Romanian Competition Council within a fuel market probe, Tuesday said it will challenge the fine in court, since it considers it illegal...
Petrom, Others Slapped With EUR205M Fine In Fuel Probe
Romanian antitrust regulator Tuesday fined six top players in the oil industry, including OMV Petrom (SNP.RO) and Rompetrol Rafinare (RRC.RO), with a total amount of around 880 million lei (...
Romanian Top Oil Players Slapped With Hefty Fines In Fuel Probe - Sources
Romania’s top oil companies were fined with amounts of up to 3% of their sales reported for 2010 following a probe into the local fuel market, people familiar with the situation told MEDIAFA...