Energy
OMV Petrom Turns Arpechim Refinery Into Oil Products Terminal
Romanian oil company OMV Petrom (SNP.RO) will permanently shut down the Arpechim refinery over the next several months, turning it into a storage unit for crude and oil products, the company...
OMV Petrom Drops Capital Increase Plan, On Improved Cash Position
Romanian dominant oil company OMV Petrom (SNP.RO) decided to give up its plan for a EUR600 million share capital increase, as its financial position has improved in the past year, the compan...
OMV Petrom Net Profit Rises 4% To RON841M In 1Q
Romania's largest oil company OMV Petrom (SNP.RO) Wednesday reported a net profit of 841 million lei (EUR199 million) in the first quarter, up 4% on the year, fueled by a 27% increase in sal...
OPCOM Reacts To Austrian Ambassador’s Statements
The creation of another energy bourse in Bucharest would go against the European model, and a similar initiative failed in Hungary recently, Romanian energy market operator OPCOM said Tuesda...
Romanian Oltchim Buys Petrom Installations For RON1.6M
Romanian chemical company Oltchim Ramnicu-Valcea (OLT.RO) Tuesday said it has bought several installations owned by oil company OMV Petrom (SNP.RO) in Arges county for 1.6 million lei (EUR0....
Romania Vows Quick Privatization Or Liquidation For Oltchim - Draft
Romanian chemical company Oltchim (OLT.RO) will be liquidated if the government fails to privatize it by the end of the year, according to the draft letter agreed on May 3 between local auth...
CEZ Posts EUR24.7M First Quarter EBITDA In Romania
Czech utilities group CEZ posted first-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) worth CZK600 million (EUR24.7 million) in Romania from production, trad...
E.ON Gaz Distributie Outsources Household Index Reading In RON18M Deal
Romanian gas distributor E.ON Gaz Distributie concluded a three-year contract worth 18 million lei (EUR4.3 million) with Adrem Invest Bucuresti, for household index reading services in nine...
Austrian Ambassador To Bucharest Pleas For Gas Price Liberalization
Romania should free the energy market, since transparent pricing is the only way to draw foreign investment on this segment, Tuesday said Michael Schwarzinger, Austrian Ambassador to Buchare...