Energy
Rompetrol Rafinare Restarts Production After Maintenance Works
Romanian Rompetrol Rafinare (RRC.RO), the refining unit of the country's second-largest oil group Rompetrol, Friday said it has resumed production at its Petromidia platform, after a one-mon...
Zalau City Hall Takes Second Shot At Selling Power Plant
Investors interested in buying Uzina Electrica Zalau, sold by city hall at a starting price of EUR10.6 million, can file bids by January 5, and bids will be opened on January 12.
Oltchim Maintains Furlough Throughout December
Romanian chemical company Oltchim Ramnicu-Valcea (OLT.RO) will keep some 1,000 employees on furlough in December as well, for the fifth consecutive month of furlough, because of raw material...
Oil Terminal Dismisses Board Chairman
Romanian oil storage and shipment firm Oil Terminal (OIL.RO) Thursday dismissed Silviu Ioan Wagner from his position of chairman of the board, the company said in a statement.
European Commission Takes Bulgaria, Romania To Court On Gas Market Transparency Flaws
The European Commission took Romania and Bulgaria to the European Court of Justice, claiming the two states do not offer backhaul at all interconnection points, which blocks newcomers to the...
Nuclearelectrica, Hidroelectrica Plan IPOs To Raise Capital
Romanian Economy Ministry plans to sell stakes of 10% in power producers Nuclearelectrica and Hidrolectrica to increase the share capital of the two companies, according to a draft governmen...
Nuclearelectrica Power Output Up 2.2% On Year In January-September
Romanian state-owned energy producer Nuclearelectrica Wednesday said its power output rose 2.2% to 8.66 million megawatt hour in the first nine months, from roughly 8.5 million MWh in the ye...
OMV Petrom Contracts EUR930M Syndicated Loan
Romanian oil company OMV Petrom (SNP.RO) contracted a multi-currency revolving credit facility worth EUR930 million, with three years tenor and a possibility for a two-year extension, for ge...
Strong Winds Turn Into EUR50 Million Worth Of Green Certificates
October turned out to be a good month for wind power, as strong winds drove output up to more than double the level of July, for instance.