Energy
Comanescu Completes $270m Pipeline For Russia’s Gazprom
Gabriel Comanescu, owner of offshore drilling company Grup Servicii Petroliere (GSP) and one of the most low-profile Romanian businesspeople, has completed the construction of the around $27...
Metrorex Cancels Energy Purchase Over Lack Of Bidders
Bucharest subway operator Metrorex has called off its auction to buy electricity, because of the lack of bidders for the 52 million lei (EUR12.31 million) contract, and will launch a new pro...
Hard Coal Mining Company SNLO Plans To Take Out RON40M Loan
Romanian state-owned lignite company SNLO plans to take out a one-year loan worth 40 million lei (EUR9.5 million).
E.ON Says Romania Should Raise Gas Prices Again In September Over More Expensive Imports
Keeping the price of gas unchanged for household consumers and raising it 10% for industrial consumers gas will allow gas distributors to stop amassing losses for a few months but a new pric...
Romania To Launch Petrom SPO In Two Weeks - Sources
The Economy Ministry is likely to launch its planned secondary public offering for 9.84% in dominant oil company OMV Petrom (SNP.RO) on July 11 or July 12, participants in the capital market...
Enel Green Power Ups Wind Farm Capacity In Romania To 104 MW
Enel Green Power, a unit of Italy’s utility Enel, has added another 40 MW to its Romanian network, increasing total installed capacity to 104 MW, the company said in a statement Thursday.
Oscar Downstream Posts EUR390M Turnover In 2010
Oscar Downstream, an oil trading company controlled by businessman Alin Niculae, posted turnover worth EUR390 million in 2010, almost similar to the 2009 level, and targets a 15% increase fo...
Adrian-Ion Stanescu Named GM At Rompetrol Well Services
Rompetrol Well Services (PTR.RO), a unit of Rompetrol group, Friday said it has appointed board chairman Adrian-Ion Stanescu as the new head of the company.
Government Delays Heating Subsidy Cut While It Works On Welfare Scheme
Romania's Government has decided to hold back the ordinance eliminating state heating subsidies, which will lead to higher heating bills, until it completes a state aid scheme for low-income...