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Energy

Romanian OMV Petrom Proposes RON0.0177 Dividend From '10 Profit

Romania's largest oil company OMV Petrom (SNP.RO) could pay a dividend for the first time in three years as it proposed a gross dividend of 0.0177 lei (EUR1=RON4.1020) per share from last ye...

Andrei Cîrchelan · 25.03.2011 · 17:55 · 1 min
Energy

Romania’s OMV Petrom Sees 2011 Net Pft Up 30% At RON2.3B

Romanian oil company OMV Petrom (SNP.RO) forecasts a net profit of 2.316 billion lei (EUR1=RON4.0881) for 2011, up 29.3% on the year, despite lower sales, the company said in a report Friday...

Anca Baltatescu · 25.03.2011 · 17:53 · 1 min
Energy

Romanian Nuclear Pwr Plant Cernavoda Operates Safely - Manager

Romania’s sole nuclear power plant in Cernavoda functions in good safety conditions for both environment and people, with all spare parts being bought according to law requirements, the plan...

Anca Baltatescu · 23.03.2011 · 18:13 · 1 min
Energy

E.ON: Foreign Turmoil To Hike Imported Gas Price In Romania

The oil price increases sparked by foreign developments will lead to higher prices for imported gas in Romania over the next six to nine months, Wednesday said Frank Hajdinjak, chief executi...

Andrei Cîrchelan · 23.03.2011 · 18:13 · 1 min
Energy

Romanian Sibex To Launch Light Sweet Crude Futures Monday

Romanian bourse Sibex will launch Monday futures contracts on Light Sweet Crude prices, after receiving earlier this month the clearance from local securities commission CNVM.

Andrei Cîrchelan · 23.03.2011 · 18:12 · 1 min
Energy

Iberdrola Renovables Starts Work On 80 MW Wind Farm In SE Romania

Spanish Iberdrola Renovables on Wednesday said it has started construction of the 80 MW Mihai Viteazu wind farm in southeastern Romania, the first stage of a local project the company dubs “...

Andrei Cîrchelan · 23.03.2011 · 18:12 · 1 min
Energy

FIC Sees Renewable Energy Investment In Romania At EUR5B

The Romanian renewable energy segment should draw investment of at least EUR5 billion in the next period, according to the Foreign Investors Council, or FIC.

Andrei Cîrchelan · 21.03.2011 · 15:06 · 1 min
Energy

Bechtel, Two Consortia Aim Building 2 Nukes At Romanian Plant

US constructions group Bechtel International and two other consortia sent EnergoNuclear letters of intent for the construction of two reactors at Romania's sole nuclear power plant in Cernav...

Anca Baltatescu · 19.01.2011 · 16:14 · 1 min
Energy

Spanish Iberdrola To Start Romanian Wind Farm By Yearend

Spanish Iberdrola will start in March the installation of its first wind turbines in Romania, which should start production this year, Tuesday said Adrian Goicea, the company’s local represe...

Andrei Cîrchelan · 18.01.2011 · 14:48 · 1 min