Energy
Oltchim Needs Strong Privatization Partner - GM
Romanian chemical company Oltchim Ramnicu-Valcea (OLT.RO) should be sold to a solid company, which considers the chemical plant's strategic importance and which would act to the benefit of e...
Arpechim Refinery Employees Protest Shutdown
Over 200 employees of Romania’s Arpechim refinery protested outside the local prefect’s office Tuesday accusing the Government of stalling moves to save the plant from shutting down.
Romania Applies To EIB For CO2 Storage Projects Funding
Romania submitted Monday with the European Investment Bank the literature of two demonstrative carbon dioxide storage projects, in a bid to secure non-refundable EU money.
IMF: Romanian Industrial Gas Prices To Rise Under New Calculation Formula
The price of gas delivered to corporate clients is set to rise since the Romanian government has pledged to change the tariff calculation formula, aligning it with international evolutions,...
Romania Vows Before IMF To Slash Heating Aid, Bills May Soar
Romania's government committed in the latest talks with the International Monetary Fund to eliminate the thermal energy subsidy in the near future, which could increase household heating bil...
Romania To Sell More Than 10% In Nuclearelectrica, Hidroelectrica
Romania will sell more than 10% in state-owned energy producers Nuclearelectrica and Hidroelectrica, an International Monetary Fund official told MEDIAFAX in an interview.
Requests To Hike Gas Prices Are Justifiable - ANRE
Natural gas suppliers operating in Romania are entitled to request the increase of regulated prices and the use of reserves for several industrial consumers, according to a document of the l...
Romgaz Reports Around 50% Higher Profit Amid Lower Sales
Romgaz Mediaș, the only natural gas producer controlled by the Romanian state, posted a net profit of over EUR70 million in the first three months of the year, a significant rise against the...
Armax Gaz 1Q Pretax Profit Falls To RON1.5M
Romanian oil and gas equipment maker Armax Gaz Medias (ARAX.RO) Monday reported a pretax profit of 1.5 million lei (EUR366,000) in January to March, 38.6% less than RON2.5 million in the sam...