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OMV Petrom's Hydrocarbon Output Seen Declining 2-4% This Year
OMV Petrom (SNP.RO) expects its hydrocarbon output to go down 2-4% this year and will revise its investment portfolio to optimize costs and eliminate waste, said company CEO Mariana Gheorghe...
2014 - Bumper Year For Romania’s Energy Exports
2014 brought a new peak of energy exports, with Romania fully benefiting from the regional context and sending energy worth almost EUR250 million abroad. While, by quantity, energy exports t...
Energy Consumption In Romania On The Rise Again In First Nine Months
Energy consumption in Romania resumed growth in the first nine months of this year, according to data provided by Transelectrica, the state-run power grid operator. A 1.1% advance was report...
Romania’s TMK-Artrom Sees Output Rise In January-September; European Market Still Challenging
TMK-Artrom, a company controlled by Russian group TMK, registered 2% growth in production in the first nine months of this year. The European market is still stalling, but outlooks are posit...
ArcelorMittal Galati Eyes 15% Higher Output In 2015, Following EUR10M Upgrades
ArcelorMittal Galati, the Romanian unit of the world’s largest steelmaker ArcelorMittal, targets to increase output by 15% in 2015, to over 2 million tons, due to upgrades worth EUR10 millio...
Petromidia Refinery Reports Record Output In May
Petromidia refinery, part of Rompetrol Rafinare (RRC.RO), the refining unit oil group KMG International, processed over 465,000 tons of raw materials in May, the highest level since its comm...
Gas Producers To Sell Part Of Output On Commodities Market As Of July 1
Natural gas producers will be forced by law to sell part of their production on the local commodities market as of July 1, while gas distributors should do the same at beginning of next year...
Romania Could Produce In 2019 More Electricity And Gas Than It Consumes
Romania may produce more electricity and natural gas than it needs for consumption in the second half of 2019, which would place it among the top three energy-producing European countries, E...
Romania's Electric Power Output Capacity Up 20% By 2020
Romania’s electric power output capacity will grow by approximately 19% by 2020, after 5,000-megawatt units will become operational, while other units will be closed down.