OIL
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Romanian Oil Terminal, Increasingly Dependent On Russia’s Lukoil
The pipeline that was supposed to connect Constanta harbor to Central Europe refineries is still just a project on paper, so that the future of harbor operator Oil Terminal is still tied, at...
Austria’s OMV Comes Up With EUR41M For Service Center In Romania
Austria’s OMV, which controls Romania’s leading oil and gas company Petrom (SNP.RO), invested EUR41 million to start activities at the OMV Petrom Global Solutions service center of Romania.
TIAB Looking For Projects In Irrigation Systems And Oil Drilling Sectors
TIAB, a unit of the French Vinci group, is aiming for a slice of the business of EU-funded irrigation systems development, and of the upgrades of the hydrocarbon exploration and drilling sys...
Lukoil’s Petrotel Refinery Processed 15% Lower Volumes In 2013
Ploiesti-based Petrotel refinery, owned by Russia’s oil group Lukoil, refined 1.89 million tons of oil last year, 15% fewer than in 2012, according to the reports of the company.
Energy Minister: New Oil Industry Royalties Should Be Discussed After Presidential Election
Romania's minister-delegate for energy Razvan Nicolescu said Thursday a decision on new royalties for oil and gas should be made after the presidential election at the end of this year.
Lufkin To Increase Headcount In Ploiesti Plant
Since it opened the oil equipment plant of Aricestii Rahtivani, Ploiesti, in mid 2013, Lufkin group has hired another 80 people, so that the unit that makes oil pumps for 20 countries now em...
What Lies In Store For Romania's Energy Market In 2014
The Romanian state and oil and gas producer OMV Petrom (SNP.RO) are bracing for tough negotiations in 2014 over the royalties charged for Petrom’s oil and gas, Petrom and Exxon will drill th...
Giant Schlumberger Reaches 450 Employees In Romania, Plans New Hiring
Schlumberger group, the world’s largest provider of technology and solutions for oil and gas companies, has reached 450 employees in Romania after opening a services center with 170 employee...
OMV Petrom Wants To Replace Natural Gas Processing Plants For Up To EUR260M
Romania’s largest oil and gas producer OMV Petrom (SNP.RO) is looking to award a EUR64 million contract for the replacement of two natural gas processing plants.