Energy
Energobit Takes EUR10M Loan From EBRD
The European Bank for Reconstruction and Development granted a EUR10 million loan to Energobit ESCO, part of engineering group Energobit, to fund several energy efficiency projects.
Romania Adds Five Years To Petrom’s Lease On Neptun Block
The drilling rights of oil company OMV Petrom (SNP.RO) on the Neptun block in the Black Sea have been extended by another five years, according to a Romanian Government decision issued Wedne...
Romania To Set Up Committee To Supervise Construction Of Nabucco Pipeline
The Romanian Government wants to set up an interdepartmental committee made up of representatives of seven ministries and members of several institutions to supervise the construction of the...
Gazprom Set Sights On Rompetrol Gas Stations; Kazakh Owners Say They Get Such Offers All The Time
Gazprom, through its Serbian subsidiary NIS, submitted a takeover bid to Rompetrol for all its Romanian filling stations two months ago. The Kazakh owners of Rompetrol rejected it, but the p...
Enel Completes EUR2M Upgrades At Danube Delta Station
Romanian electricity distributor Enel on Tuesday said it has completed a EUR2 million investment in upgrades at a Danube Delta power station, within a network upgrade program for the regions...
Rompetrol Looks To Western Europe For Expansion - CEO
Oil group Rompetrol plans to expand its operations to Western Europe, after completing the investment it is currently unfolding to boost refining capacity at its Petromidia refining unit, th...
Government Could Add Oltchim To List Of Privately Managed Companies
Romanian state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) could be included on the list of companies to be run by private managers, Economy Minister Ion Ariton said Tuesday.
Rompetrol To Invest $100M In Thermal Power Plant
Oil group Rompetrol plans to invest some $100 million in a themal power plant that would supply the Petromidia refinery with heating and electricity, chief executive officer Saduokhas Merali...
Rompetrol Has Cleared Its Debt To Romania, Buyback Pending
Rompetrol has extinguished any debt owed to Romania last year and it is currently under negotiations to buy out the government from Rompetrol Rafinare's (RRC.RO) shareholding structure, the...