Energy
Competition Council To Probe Natural Gas Market For Facts
Romania’s competition authorities will launch a fact-finding probe into the local natural gas market, looking at producers, distributors and suppliers, Tuesday said Daniel Chilea, deputy chi...
Electrocarbon Sees 73% Fall In 2011 Pretax Profit
Romanian electrode maker Electrocarbon Slatina (ELNG.RO) estimates its pretax profit will drop 72.6% to 4.9 million lei (EUR1=RON4.091) in 2011, from nearly RON18 million a year earlier, des...
MOL Inks Concession Deals For 3 Romanian Exploration Blocks
Hungarian oil group MOL Tuesday said it has signed concession agreements for three exploration perimeters in western Romania.
Rompetrol Group Swings To $0.9M Net Profit In 1Q
Romania’s second largest oil group Rompetrol Tuesday said it switched to a net profit of $900,000 in the first quarter, from a loss of $56.2 million in the year-earlier period.
MP Drafts Law Banning Romania’s Would-Be Natural Gas Exports
Romanian leftist MP Iulian Iancu told an energy conference Tuesday that he has submitted a draft law banning natural gas exports, even though Romania is physically unable to unfold such expo...
Romanian Electricity Prices May Double Within 8 Years - Suppliers
The price of electricity could double in Romania over the next 7-8 years, because of the costs involved in support schemes for renewable energy and pollution reduction, Tuesday said Ion Lung...
Romania Could Collect Just EUR1.5B From Green Certificates
Emission certificate prices dropped some 50% since the 2009-2010 interval, which means Romania may only be able to collect EUR1.5 billion from selling such deeds, half of the sum estimated t...
Iproeb Inks EUR9M Supply Deal With Enel Distributie
Romanian cable maker Iproeb Bistrita (IPRU.RO) will supply insulated cables and electrical conductors to power distributor Enel Distributie worth around EUR9 million, the cable producer said...
Romanian, Azeri Presidents Discussed SOCAR'S Participation In Romanian Privatizations
Romanian President Traian Basescu said Monday that he has talked with his Azeri counterpart, Ilham Aliyev, about state-owned oil company SOCAR taking part in the privatization of Romanian co...