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Petrom, Part Of Consortium Picked By Ukraine For Black Sea Exploration
Energy

Petrom, Part Of Consortium Picked By Ukraine For Black Sea Exploration

Ukraine has selected a consortium formed of ExxonMobil, Shell, Romania’s OMV Petrom (SNP.RO) and Nadra Ukrainy national joint-stock company for hydrocarbon exploration in the Skifska field o...

Neagu Bogdan Mircea · 15.08.2012 · 14:14 · 1 min
Romania To Raise Gas Prices By 10% To 12% Annually Until 2018
Energy

Romania To Raise Gas Prices By 10% To 12% Annually Until 2018

Gas prices for household consumers will increase by 10% both in 2013 and in 2014 and by 12% annually between 2015 and 2018, through quarterly adjustments, according to the calendar for dereg...

Ecaterina Craciun · 30.06.2012 · 14:33 · 1 min
Ponta To Discuss Gas Price Deregulation With Austrian Oil&Gas Companies
Energy

Ponta To Discuss Gas Price Deregulation With Austrian Oil&Gas Companies

Romania’s Prime Minister Victor Ponta on Wednesday said he will pay an official visit to Austria on June 18 for talks on gas price deregulation with representatives of Austrian oil and gas c...

Ecaterina Craciun · 06.06.2012 · 16:42 · 1 min
Energy

Government Approves Construction Of Gas Pipeline Link To Moldova

Romania's Government on Wednesday approved the construction of a pipeline linking the Romanian and Moldovan natural gas transport systems, between Iasi and Ungheni, Prime Minister Victor Pon...

Radu Bostan · 30.05.2012 · 16:35 · 1 min
Romanians Pay Twice As Much For Electricity As Finns, French
Energy

Romanians Pay Twice As Much For Electricity As Finns, French

Romanians pay almost twice as much for electricity when adjusted for purchasing power as the Finns or the French, official data showed Friday.

Florentina Dragu · 25.05.2012 · 15:17 · 1 min
Antitrust Body To Complete Gas Market Probe In Upcoming Months
Energy

Antitrust Body To Complete Gas Market Probe In Upcoming Months

Romania’s Competition Council said it will finalize in the upcoming months the antitrust inquiry set off last year on the local gas market regarding a potential conspiracy between several co...

Ecaterina Craciun · 25.05.2012 · 12:06 · 1 min
Romania To Liberalize Gas Prices In 2013-2018, Electricity In 2012-2017
Energy

Romania To Liberalize Gas Prices In 2013-2018, Electricity In 2012-2017

Romania will deregulate natural gas prices between 2013 and 2018 and electricity prices between 2012 and 2017, Economy Minister-designate Daniel Chitoiu said Monday in parliament.

Oana Gavrila · 07.05.2012 · 11:56 · 1 min
A Free Gas Market Could Bring Higher Royalties
Energy

A Free Gas Market Could Bring Higher Royalties

As Romania could cover its gas consumption needs from its own resources over the next few years, the royalties collected by the state could in turn rise, especially against the backdrop of t...

Radu Bostan · 05.04.2012 · 00:00 · 1 min
Petrom: Romania May Break Free From Dependence Of Natural Gas Imports
Energy

Petrom: Romania May Break Free From Dependence Of Natural Gas Imports

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its latest hydrocarbon discovery in the Black Sea could reduce or altogether eliminate the country’s dependence on gas imports...

Florentina Dragu · 29.02.2012 · 13:07 · 1 min