Energy - Business Review



Key move. Christina Verchere to become the new CEO of OMV Petrom, in May

Oil & Gas March 20, 2018 09:55 0 comments

Christina Verchere will take over the role of president of the Directorate and general executive director (CEO) of OMV Petrom, starting May 1, 2018, replacing Mariana Gheorghe, according to a report by the Bucharest Stock…more »

Romgaz estimates gross profit of RON 1.6 bln for 2018, down by 27 pct

News March 19, 2018 16:53 0 comments

Romgaz estimates a gross profit of RON 1.6 billion for 2018, a decrease by 27 percent compared with the preliminary data of the indicator for 2017, RON 2.1 billion, according to the budget, which will…more »

Analysis. Gas games: Bucharest and Budapest vie for European energy influence

Oil & Gas March 18, 2018 10:00 0 comments BR Exclusive

Within the next five years, players say Romania will become a major producer and exporter of natural gas, due to its offshore reserves in the Black Sea exclusive economic zone. But major producer doesn’t necessarily…more »

fuel market

Romania gasoline prices rank 4th lowest in the EU; diesel prices rank 6th

Oil & Gas March 16, 2018 11:35 0 comments BR Exclusive

The average price for a liter of regular unleaded gasoline in Romania stood at EUR 1.12 at the beginning of this week, the fourth lowest among the 28 European Union member states, according to a…more »

north stream pipeline

Another country says no to the Russian North Stream 2 project

Oil & Gas March 15, 2018 11:53 0 comments

Eiki Nestor, the president of the Estonian Parliament, has announced that he has joined his counterparts in Poland, Latvia and Lithuania by signing an open letter which calls on the rest of EU member states…more »

OMV ‘not amused’ to see BRUA pipeline stopping in Hungary, says some Black Sea gas could be sold in Eastern Europe

Oil & Gas March 13, 2018 16:55 0 comments

Austrian oil and gas company OMV is 'not amused' to see the Bulgaria-Romania-Hungary-Austria (BRUA) major pipeline project to have one of its ends in Hungary, because this makes difficult to sell the Black Sea offshore…more »

fuel market

EU threatens Romania and nine other member states with sanctions for failing to transpose EU rules on quality of fuels

Green & Renewables March 08, 2018 16:27 0 comments

The European Commission, EU's executive arm, announced on Thursday that it decided to issue a reasoned opinion to Austria, Belgium, Cyprus, the Czech Republic, Finland, Greece, Latvia, Romania, Spain and the United Kingdom for failing…more »

Oltenia Energy Complex

Energetic Complex Oltenia obtains RON 2.1 mln through the National Investments Plan

News March 08, 2018 13:16 0 comments

Energetic Complex Oltenia obtains RON 2.1 million through the National Investments Plan, which is the first installment for the energy block no.7 from Isalnita subsidiary.  “It’s estimated that the second installment for the two projects…more »

MOL Romania finishes the construction of GPL terminal in Tileagd, following investment of EUR 2.3 mln

Oil & Gas March 08, 2018 11:15 0 comments

MOL Romania, the local subsidiary of MOL group, has finished the construction of GPL terminal in Tileagd, Bihor county, following the investment of EUR 2.3 million. The terminal, which is operational, comprises 4 GPL basins,…more »

E.ON and Nissan sign strategic partnership for electric cars

News March 07, 2018 16:22 0 comments

E.ON and Nissan have agreed upon a strategic partnership at the Auto Exhibition at Geneva, aiming to capitalize the international experience of both companies in electric mobility, as well as in the distribution and storage…more »