Energy
OMV Petrom Filed Complaint With ECHR Against Romanian Courts
Romanian oil company OMV Petrom in January filed a complaint with the European Court of Human Rights against Romanian courts, and is involved in a number of cases that, excluding those again...
OMV Petrom To Pay Up To RON31,100 Per Laid Off Employee
Romanian oil company OMV Petrom (SNP.RO) will pay compensation between 18,360 lei (EUR4,400) and RON31,100 for employees laid off, according to the public offering prospectus written as the...
Romania Faces EU Infringement On Oil Reserve Gaps
Romania has until December 31 to build its minimum required reserves of crude and oil products for this year, as well as covering last year’s reserve deficit, otherwise the European Commissi...
Romania Sets RON0.46 Price Cap In Petrom Offering; It Could Get EUR610M
The secondary offer through which the Romanian Economy Ministry wants to sell 9.84% in oil company OMV Petrom (SNP.RO) will start Monday at a maximum price of 0.46 lei (EUR0.11) a share, 15%...
Texas-Based Lufkin Hires First 25 People At Romanian Plant
US company Lufkin, producer of oil and energy equipment, has hired the first 25 employees at the new plant it is building in southern Romania in Aricesti, Ploiesti county. The Texas-based co...
Power Producer Rovinari Buys EUR1.1M Green Certificates From Energy Trader Vitol
Romanian state-owned thermal power producer Rovinari bought Monday CO2 emission certificates on the commodities exchange for EUR1.1 million, from international trader Vitol.
Romania's Power Output Rises 5.5% On Year In January-May - INS
Romanian power output rose 5.5% on the year to 9.79 million tons of oil equivalent in January to May, fueled by higher production in all sectors, official data showed Wednesday.
Electrica Delays Wind Farms Start Date Over Red Tape
Electrica will not be able to start operations at its planned wind farms in Constanta and Galati counties until 2012, due to delays in getting permits from the regulatory authorities, the co...
Roibu Says Romania Lost Dominance Among Oltchim Holders
Romanian state lost dominance among shareholders of chemical company Oltchim (OLT.RO) regarding such decisions as share capital increases and procurement, after German PCC SE and British Car...