Energy
Economy Ministry Rejects Oil Terminal's Capital Hike Proposal
The Romanian Economy Ministry refused a Board proposal to increase the share capital at cargo handler Oil Terminal (OIL.RO) by 151.7 million lei (EUR37.23 million), to RON210 million, in a s...
Rompetrol Adds RON0.07 To Gasoline Pump Prices, Cuts RON0.03 Off Diesel Prices
Romanian fuel distributor Rompetrol Downstream on Friday increased pump prices for gasoline by 0.07 lei (EUR0.017) per liter, but decreased diesel fuel prices by RON0.03 per liter.
Azomures Plans To Invest EUR43.5M In 2011
Romanian chemical company Azomures (AZO.RO) Thursday approved an investment program worth EUR43.5 million for 2011, which is estimated to reduce the net profit by some 80% on the year.
Oil Pipe Maker Condmag Eyes 5% Rise In 2011 Revenue, To RON210M
Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) expects revenue of 210 million lei (EUR51.63 million) this year, up 5% from RON200.4 million in 2010, the company said Thursday in a...
Economy Ministry Names New CEO At Transelectrica
The Romanian Economy Ministry appointed Horia Hahaianu as chief executive officer at state-owned power grid operator Transelectrica (TEL.RO), replacing Stelian Gal, who will remain with the...
OMV Petrom Asks RON92M Refunds For Eco-Friendly Works
Romania’s leading oil company OMV Petrom (SNP.RO) has requested the state issue refund payments of 91.68 million lei (EUR22.5 million) for environment decontamination works at some of its de...
Sterling Resources Deplores Romania’s Opaque Drilling Permission System
Canadian oil and gas company Sterling Resources on Thursday said it cannot operate in its Black Sea perimeters at the present time, since local authorities are unable or unwilling to issue t...
Gazprom’s Deliveries To Romania Up 4% To 2.6 Bcm In 2010
Russian natural gas giant Gazprom delivered 2.6 billion cubic meters of gas to Romania in 2010, up 4% on the year, the group said in a report Thursday.
Vimetco Reports $57.4M Net Profit In 2010 From Romanian Operations
Dutch group Vimetco, owner of Romanian smelter Alro Slatina (ALR.RO), posted a net profit of $57.4 million in Romania last year, up 19.5% from $48 million in 2009, according to financial res...