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CRUDE OIL

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Energy Ministry Takes 80,000 Tons Of Crude Oil, 30,000 Tons Of Diesel Out Of Emergency Stocks To Keep Petrobrazi Refinery Running
Energy

Energy Ministry Takes 80,000 Tons Of Crude Oil, 30,000 Tons Of Diesel Out Of Emergency Stocks To Keep Petrobrazi Refinery Running

Romania's Ministry of Energy has declared a crisis-level emergency situation and authorized the removal of 80,000 tons of crude oil and 30,000 tons of diesel from the country's emergency stocks amid a contamination incident at the Turkish Ceyhan oil terminal,...

Ecaterina Craciun · 04.08.2025 · 21:15 · 1 min
Conpet Concludes RON33M Contract With Petrom For Crude Oil Transport In August 2022
Energy

Conpet Concludes RON33M Contract With Petrom For Crude Oil Transport In August 2022

Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) on Wednesday said it concluded a contract with OMV Petrom (SNP.RO) for the transport of crude oil during the August 1 - 31, 202...

Ecaterina Craciun · 27.07.2022 · 19:41 · 1 min
OMV Petrom CEO: Arpechim Refinery Likely To Be Disbanded On Lack Of Buying Interest
Energy

OMV Petrom CEO: Arpechim Refinery Likely To Be Disbanded On Lack Of Buying Interest

Romania's largest company OMV Petrom (SNP.RO) will keep the Arpechim refinery closed, but it will use its reservoirs to store crude oil, and, on lack of buying interest, it will probably dis...

Ecaterina Craciun · 18.02.2016 · 16:05 · 1 min
Energy

SOCAR: Crude Oil Price Could Stay At $65-70 Per Barrel Next Year

Crude oil price, which halved in the last year, could stay at $65-70 per barrel next year as well, but hydrocarbon price will increase 3-4-fold in the next ten years, according to the estima...

Gabriela Stan · 26.06.2015 · 16:10 · 1 min
Energy

Certinvest: Oil Price Cut To Trigger Lower Inflation, Coal Price Hike

The decrease of oil price by nearly 50% compared with June will trigger a lower inflation, an increase of the coal price or a lower price for petro-chemical products, according to Florin Han...

Gabriela Stan · 22.12.2014 · 13:18 · 1 min
Petrom Director: Cheap Crude Oil Puts Pressure On Investments
Energy

Petrom Director: Cheap Crude Oil Puts Pressure On Investments

Crude oil decline to some $80 a barrel puts pressure on investments and authorities must be very careful when it comes to levying taxes in the oil industry, said Gabriel Selischi, responsibl...

Ecaterina Craciun · 21.10.2014 · 19:43 · 1 min