OIL
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Upetrom: Romania’s Oil Industry To “Boom” In 2012-2013
Romania’s oil segment will “boom” in 2012-2013, given that 40 new exploration and drilling licenses will be granted by the end of this year, Thursday said Florin Ciocaneala, executive manage...
Grup Servicii Petroliere Expands Fleet
Businessman Gabriel Comanescu, owner of the most powerful domestic business in the hydrocarbon drilling industry, took another step in developing Grup Servicii Petroliere (GSP), the jewel of...
Exxon Mobil Expects Neptun Block Development Costs To Reach At Least $3B
The costs of development and production on the Neptun oil block in the Black Sea will range between $3 and $10 billion, if exploration is concluded successfully, Thursday said Ian Fischer, h...
Romania Poised To Hike Oil Transit, Gas Storage Royalties
The royalties collected by Romania for gross revenue achieved from oil transport and transit will rise to 15%, from 10%, while the royalties for underground gas storage will rise to 5% from...
Romania Faces EU Infringement On Oil Reserve Gaps
Romania has until December 31 to build its minimum required reserves of crude and oil products for this year, as well as covering last year’s reserve deficit, otherwise the European Commissi...
Food Is More Expensive Than A Year Ago
Flour, milk, poultry and pork have become over 6% cheaper in June against May, shows ZF’s food index, calculated based on Bucharest hypermarket prices.
Expur Urziceni In Sofiproteol Era: Revenues Climb 20% To EUR132M
Expur Urziceni, a major producer of vegetable oil in Romania, part of French group Sofiproteol, last year posted revenue of EUR132 million, up 20% year-on-year, according to the information...
Personal Care Product Prices In Romania, Highest In The Region - Survey
Romanians pay 48 eurocents for a bar of soap, while Hungarians pay 21 eurocents and Poles pay 24 cents. A tube of toothpaste costs 1.8 euros in Romania, compared to 1.19 euros in Bulgaria an...
World’s Oil Giants Have Their Eyes Set On Romania
France’s Total, US Exxon and Chevron, as well as Russia’s Lukoil are the oil giants that have in the past year set their eyes on Romania, trying to spot potential hydrocarbon reserves both o...