Energy
Romania Poised To Hike Oil Transit, Gas Storage Royalties
The royalties collected by Romania for gross revenue achieved from oil transport and transit will rise to 15%, from 10%, while the royalties for underground gas storage will rise to 5% from...
Romanians Expected To Spend EUR350M This Year On Window Replacements
Romanians are expected to spend over EUR350 million this year to replace windows, according to estimations by local glass market leader Saint-Gobain Glass Romania.
Romgaz Wants Exploration License For 8 Fields Extended Until 2014
Romanian state-run natural gas producer Romgaz Medias has requested approval from the National Mineral Resources Agency (ANRM) to extend until 2014 its exploration license on eight onshore f...
Transelectrica Sees 2011 Pretax Profit Rising To RON42M
Romanian state-run power grid operator Transelectrica (TEL.RO) has revised upward to 42 million lei (EUR9.8 million) its pretax profit forecast for 2011, from RON25 million previously, the c...
Transelectrica, Transgaz Get EUR64M For Upgrades
Romanian state-owned energy transporters Transelectrica (TEL.RO) and Transgaz (TGN.RO) will receive non-refundable financing worth a total 272 million lei (some EUR64 million) for upgrades,...
Proprietatea Fund Calls For Hidroelectrica, Nuclearelectrica IPOs
Romanian investment fund Fondul Proprietatea (FP.RO), minority owner in energy companies Hidroelectrica and Nuclearelectrica, Thursday called for a shareholder meeting at the two companies i...
Subway Operator Metrorex To Launch Third Bid To Buy Energy
Bucharest subway company Metrorex rescheduled a public auction to buy electricity for the end of August, following two unsuccessful tenders organized earlier this year.
OMV Petrom Seeks Extension Of Onshore Exploration Rights Until 2014
Romanian leading oil company OMV Petrom (SNP.RO) has requested the extension until 2014 of its exploration rights on several onshore fields, according to a document prepared by the National...
Oltchim Asked To Discuss Interest Rate For Aid Refund
The Romanian government asked state-owned chemical company Oltchim (OLT.RO) to agree with privatization authority AVAS on an interest rate for the EUR134 million it owes as state aid refund.