Energy
Conpet 9-Month Net Profit Falls 19% To RON28.7M
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) Wednesday reported a 19% drop in its net profit to 28.7 million lei (EUR6.6) in the first nine months, from RON35.4 million in th...
CEZ Romania 9-Month Production, Trading EBITDA At EUR27.6M
CEZ Romania, a unit of Czech power group CEZ AS, reported operating profit before taxes of CZK700 million (EUR27.6 million) in the first nine months from production and trading operations, t...
OMV Petrom 9-Month Gas Production Up 3% To 3.96 Bln Cubic Meters
Romanian oil and gas group OMV Petrom's (SNP.RO) natural gas production in Romania and Kazakhstan increased 3% in the first nine months, to 3.96 billion cubic meters, from 3.84 billion cubic...
Comelf Bistrita 9-Month Pretax Profit Quadruples To RON2M
Romanian mining machinery maker Comelf Bistrita (CMF.RO) on Wednesday reported a pretax profit of 2.1 million lei (around EUR450,000) for the first nine months of 2011, compared to some RON0...
OMV Petrom 9-Mo Profit Doubles On Year To RON2.9B
Oil group OMV Petrom (SNP.RO) on Wednesday reported a net profit of 2.921 billion lei (EUR694.5 million) for the first nine months of the year, doubled on the year, while sales rose 23% to R...
Oil Terminal Jan-Sep Net Profit Halves On The Year, To RON1.7M
Harbor operator Oil Terminal Constanta (OIL.RO) on Tuesday reported a net profit of 1.7 million lei (EUR390,472) for the first nine months of the year, compared to RON3.7 million in the same...
Transelectrica Scrambles To Fund Power Grid Upgrade For Wind Farm Inclusion
Linking wind farms to the national power grid requires an investment of more than EUR500 million, and state-owned Transelectrica (TEL.RO), the grid’s operator, lacks the funds, which means s...
Romania Energy System Overhaul Went From Bad To Worse - Antitrust Regulator
Romania’s planned reorganization of the energy sector has gone from one failure to another, even if the authorities have not formally withdrawn any of the projects that were announced and th...
E.ON: Romania Must Take Action To Regain Investor Confidence
Romania must get rid of unclarities pertaining to the regulated gas and electricity prices, as well as of the inconsistencies regarding new energy projects in order to regain investor confid...