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Energy

S&P Affirms Transgaz At BB+/BBB-; Outlooks Stable

Standard & Poor’s Thursday affirmed its foreign currency corporate rating on Romanian gas pipeline operator Transgaz Medias (TGN.RO) at 'BB+' and the local currency corporate rating at 'BBB-...

Florentina Dragu · 05.05.2011 · 12:41 · 2 min
Energy

Oltchim's Net Loss Narrows To RON2.64M In First Quarter

Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Thursday said its loss narrowed substantially in the first quarter, as sales more than tripled on the year.

Florentina Dragu · 05.05.2011 · 11:24 · 1 min
Energy

Cheapest filling stations in Bucharest. The gap between a fill-up in Ferentari and one on Calea Dorobanților: 10 lei

Prices at the almost 50 gas stations owned by market leader Petrom (SNP.RO) in Bucharest vary from one station to the next, with savings that can be made between a fill-up at the most expens...

Andrei Cîrchelan · 05.05.2011 · 08:00 · 1 min
Energy

Key Petroleum Gains Romania Drilling Rights After Zeta Petroleum's Takeover

Australian oil company Key Petroleum bought British Zeta Petroleum and its Romanian subsidiary, in a transaction worth $12.74 million, according to law firm bpv Grigorescu Stefanica, which a...

Andrei Cîrchelan · 04.05.2011 · 18:03 · 1 min
Energy

Grup Servicii Petroliere Inks Drilling Contract With Mexican Pemex

Romanian Grup Servicii Petroliere, or GSP, on Wednesday announced it has concluded a contract with Mexico leading oilers Pemex, for oil drilling works in Mexico.

Andrei Cîrchelan · 04.05.2011 · 15:23 · 1 min
Energy

Cernavoda Power Plant Shuts Down Nuke For Planned Overhaul

Romanian state-owned energy producer Nuclearelectrica will shut down the second reactor at its nuclear power plant in Cernavoda on Friday for a 25-day scheduled overhaul.

Florentina Dragu · 04.05.2011 · 14:09 · 1 min
Energy

Holrom Renewable Energy To Launch 17-MW Wind Farm In May

Holrom Renewable Energy on Wednesday said it will complete this month a EUR21 million wind farm in Baia, in the Romanian southeastern county Tulcea.

Andrei Cîrchelan · 04.05.2011 · 13:41 · 1 min
Banks-Insurance

Energy Rose Invests EUR10M In 6-MW Wind Project In SE Romania

Israeli-owned Energy Rose on Wednesday said it will build its first wind farm in Romania, with an investment of EUR10 million for an installed capacity of 6 MW.

Andrei Cîrchelan · 04.05.2011 · 13:40 · 1 min
Energy

Romania Romgaz To Pay RON40M For Drilling Services At Five Wells

Romanian natural gas producer Romgaz Medias plans to buy drilling and exploration services worth 39.4 million lei (EUR9.64 million) over four and a half months for five wells in Braila, Suce...

Florentina Dragu · 04.05.2011 · 11:00 · 1 min