ENERGY
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Energy Trader Transenergo Files For Insolvency
Electricity and natural gas supplier Transenergo, one of the largest energy traders on the Romanian market, filed for insolvency on January 17, 2017, according to the data on the website of...
2016 In Review: Ten Most Important Events In Energy, Oil And Gas Industry
The energy sector has been a thrill to watch in 2016, peppered with complex investigations, insolvencies and exit therefrom, major deals and unusually many changes at the top of the sector h...
German Group Allianz Buys 30% Of Shares Of E.ON Distributie Romania
German group Allianz is acquiring a 30% stake in E.ON Distributie Romania, one of the two leading natural gas distributors on the Romanian market, and the transaction is to be completed by t...
Mol Romania Has New CEO
Camelia Ene has taken over as Chief Executive Officer (CEO) of the Romanian division of Hungarian oil group Mol, replacing Kinga Daradics.
State-Run Energy Companies Posted Overall Loss Of RON4.2B In Last Three Years
Companies subordinated to Romania’s Energy Ministry reported an overall loss of RON4.2 billion over the last three years, according to data provided by the ministry.
The Winter Of Romania’s Energy System
Anyone looking for some scrap iron from the bankrupt Romanian Authority for Nuclear Activities (RAAN) can come bid at 2.30 p.m. on Thursday.
Tradeville: Investors Disappointed By Energy Companies' Results In 2Q
Local oil and natural gas producers reported lower revenues and profitability, failing to take advantage of the opportunities on the international markets, according to a report by brokerage...
Major State-Run Energy Companies On Stock Exchange Sit On Almost EUR1B Cash
The five largest publicly listed energy companies that are either state-run or in which the government still holds a significant stake had 4.39 billion lei (EUR984 million) cash in their acc...
Romania Gets 30% Of Energy From Coal But Coal Companies Are Insolvent
Romania gets 30% of its energy from coal but coal companies are, paradoxically, insolvent, Energy Minister Victor Grigorescu told a conference organized by Ziarul Financiar on Tuesday.