Energy
OMV Petrom Starts Commercial Operations At SE Romania Wind Farm
Romanian dominant oil company OMV Petrom (SNP.RO) Thursday said it has commenced commercial operations at its wind farm in Dorobantu locality, in southern region of Dobrogea.
INS: Romania January-August Power Output +3.5% On Year
Romanian power output rose 3.5% on the year to 15.64 million tons of oil equivalent in the first eight months, fueled by higher production in most sectors, official data showed Thursday.
OMV Petrom Extends Oil Price Hedges Into 2012
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it has extended until 2012 its oil price hedges to protect its cash flow from the negative impact of potential lower oil price...
Lukoil Accepts Black Sea Challenge, Earmarks $300M For Exploration
The depths of the Black Sea lure another major oil company after Petrom and ExxonMobil, as Russian-held giant Lukoil announces it is ready to invest up to $300 million in exploration. The Bl...
Romania Gives Old Oil Blocks To Irish Investors
Romania's Government has added five years to the oil drilling rights held by gas company Romgaz on a surface of 16,200 square kilometers and has signed seven exploration agreements with fore...
Prospectiuni To Use Rafo Stake For Capital Hike At 3rd Firm
Romanian geological surveys provider Prospectiuni Bucuresti (PRSN.RO) Wednesday said it will use its stock in oil refinery Rafo Onesti to fuel a capital increase at the Micro Active Invest c...
Termoelectrica Makes Ninth Attempt To Sell Oradea II Unit
Romanian state-run power producer Termoelectrica plans to auction off its thermal plant Oradea II and is asking for 221.7 million lei (EUR51.38 million), the company said Wednesday.
Ionescu, BVB: Romania Should Sell Transelectrica, Transgaz Stakes Below Market Price
Romania needs to go below the market price when selling 15% stakes in Transelectrica (TEL.RO) and Transgaz (TGN.RO), to make sure that investors bid, Wednesday said Valentin Ionescu, general...
Romanian Senate Rejects Bill Keeping Gas Prices Unchanged For 9 Months
Romanian senators on Wednesday rejected 47 to 46 votes a government emergency ordinance that kept regulated prices on natural gas unchanged for household consumers and power producers delive...