Energy
Petrom, Rompetrol Shares Suspended Ahead Of Fuel Probe Report
Shares in Romania’s largest two oil companies OMV Petrom (SNP.RO) and Rompetrol Rafinare (RRC.RO) have been suspended from trading on the Bucharest stock exchange pending the results of an i...
Energy Regulator Chief, Deputy To Be Appointed By President
Romania’s energy regulator ANRE will be run by a president and a vice-president, which will be appointed by the head of state, at the proposition of the prime minister, according to a draft...
Romania In Advanced Talks With OMV To Buy Arpechim Refinery
Romanian authorities are carrying advanced negotiations to purchase the Arpechim refinery from oil company OMV Petrom (SNP.RO), local officials in Arges County said Monday.
Ioan Niculae Says Interagro Group's Firms Were Ruined Following Investigation Start
Ioan Niculae, the owner of the Interagro group, said on Monday, as he was leaving the headquarters of the organized crime investigation unit DIICOT, that the prosecutor’s office was plotting...
OMV Petrom, ExxonMobil Start Drilling For Black Sea Oil
Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania, the local unit of US giant ExxonMobil, have started drilling to extract oil from a joint...
Gasoline Price Up 84% In Three Years Of Crisis
The end of last week came with another increase in the pump price by 0.8 lei of both gas and diesel operated by Petrom. This is the second hike this year.
Transelectrica Expects Pretax Profit To Double At RON51.7M In 2012
Romanian state-owned power grid operator Transelectrica (TEL.RO) on Friday said it expects revenue of 2.62 billion lei (EUR603.9 million), down 6% on the year, but pretax profit is expected...
Transgaz To Contribute EUR10.2M To Nabucco Project Company
Romanian state-owned gas transporter Transgaz (TGN.RO) will contribute EUR10.2 million, in the first half of the year, to the consolidated budget of the project company developing the Nabucc...
Dutch-Held SHV Pulls The Plug On Its Romanian LPG Cylinder Business
Dutch group SHV, world leading liquefied petroleum gas (LPG) distributor, has decided to withdraw from the Romanian market only three years after its entry. At the end of 2008, the group bou...