Energy
Dafora Inks RON5M Drilling Deal With Aurelian Oil&Gas
Romanian drilling company Dafora Medias (DAFR.RO) was awarded a 5 million lei (EUR1.14 million) drilling contract at the Horodnic 1 well in Suceava county, owned by British Aurelian Oil&Gas.
INS: Romania's January-September Power Output +2.4% On Year
Romanian power output rose 2.4% on the year to 17.49 million tons of oil equivalent in the first nine months, fueled by higher production in most sectors, official data showed Tuesday.
The Story Of Petromservice’s Insolvency
Four years after Austria’s OMV paid EUR328 million to Sorin Ovidiu Vantu to take over Petromservice, two questions remain unanswered: why did the Austrian company pay so much to take over th...
Analysts Believe 2011 To Be Petrom’s Most Profitable Year Ever
Petrom (SNP.RO), the largest Romanian company, could post 780 million lei (EUR179.4 million) profit in the third quarter, analysts estimate.
Romania To Sell Majority Stakes In Electrica Units, IMF Says
Romanian government has agreed to sell its majority stakes in three units of state-run power company Electrica and to privatize the country’s planned energy holdings Oltenia and Hunedoara, a...
IMF: Romania Needs Privatization, Private Management To Foil “Wise Guys”
The government needs to hurry privatizations and the appointment of private management at state-owned companies, to decisively change the system where a privileged few enjoy undeserved profi...
Romgaz To Hold Auction For RON50M Prospection Deal
Romanian natural gas producer Romgaz Medias will hold an open auction on December 19 to award a 50.5 million lei (EUR11.6 million) prospection contract.
Gov't Asks Proprietatea Fund To Contribute To Nuclearelectrica Capital Increase
Romania’s Economy Ministry will call on investment fund Fondul Proprietatea (FP.RO) to contribute to a planned 79 million lei (EUR18.2 million) capital increase at state-run energy producer...
Boc Announces Serbia's Involvement In AGRI Project
Serbian Prime Minister Mirko Cvetkovic has expressed his country's interest in joining the AGRI project and has been invited to Romania next year for talks on the details, Romanian Prime Min...