Energy
Romania To Pay RON5.7B For 2011/12 Winter Fuel Stocks - Draft
Romanian Economy Ministry estimates will pay 5.69 billion lei (EUR1.35 billion) to ensure the necessary fuel stock for the 2011/2012 winter, 34% higher on the year, according to a draft gove...
Turceni Power Plant Swings To RON80M Net Profit In 1H
Romanian thermal power producer CE Turceni Friday said it has switched to profit in the first six months, versus losses in the year-earlier period, fueled by a 44% increase in output.
Weak Demand Hinders Petrom Offering
Romanian authorities will reschedule the sale of a 9.84% stake in dominant oil company OMV Petrom (SNP.RO), after a secondary public offering failed to raise enough interest from investors,...
Romania May Extend Petrom Bid Deadline Due To Low Uptake - Sources
Romanian authorities might have to extend or even reschedule a secondary offering for a 9.84% stake in dominant oil company OMV Petrom (SNP.RO), due to a low level of subscriptions, people f...
OMV: Petrom Gas Sales Up 19% On Year In 2Q
Romanian leading oil company OMV Petrom (SNP.RO) reported a 19% increase in natural gas sales to 1.05 billion cubic meters in the second quarter, from 0.89 billion cubic meters in the year-e...
Romania Becomes Shareholder In Petromidia Again After 11 Years
The Finance Ministry last year collected EUR55 million from Rompetrol Rafinare’s (RRC.RO) EUR571 million debt, and for the remaining EUR516 million it received shares accounting for 44.6% in...
Petrom And ExxonMobil Bet Over EUR100M On Black Sea Bed
Romania's dominant oil and gas company Petrom and US giant ExxonMobil, the world’s largest oil company, are taking up the costliest bet ever made on Romania’s underground reserves: seeking h...
Raiffeisen Cuts Transgaz Target Price To RON250/Share
Raiffeisen Capital&Investment Thursday cut by 3% to 249.5 lei (EUR58.7) a share its 12-month target price on Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO), while...
Energobit Sees 2011 Sales Up 20% To EUR120M
Romanian engineering group Energobit expects sales to reach EUR120 million this year, up 20% from EUR100 million in 2010, Thursday said Florin Pop, the group’s general manager.