Energy - Business Review

Energy

E-Distributie Dobrogea invests RON 12 mln in modernization of Abator primary station in Constanta

Power October 19, 2017 14:33 0 comments

E-Distributie Dobrogea has begun an investment project worth approximately RON 12 million (approx. EUR 2.6 million) for the modernization of the primary station (high/medium voltage) Abator in the city of Constanta. The project will be…more »

fuel market

Romanian government to monitor fuel prices

Oil & Gas October 19, 2017 11:49 0 comments

The Romanian government will create a new monitoring system for fuel prices in Romania, similar to the food prices monitor. The government approved the move at its Wednesday session.  The Romanian government wants to increase…more »

Key move. Parliament votes new ANRE leadership

Who’s News October 18, 2017 15:50 0 comments

MPs have appointed a new management team at the helm of energy regulator ANRE. Dumitru Chirita (left of picture) was voted as the new president of the energy watchdog, while Nagy Bege Zoltan was named…more »

MP Iulian Iancu: OMV Petrom officials will be asked about “market manipulation, artificial hike of prices”

Legal October 18, 2017 08:58 0 comments

Social-democrat MP Iulian Iancu, who is the head of industry and services committee in Parliament, says that officials of Austrian oil major OMV Petrom will be invited to hearings as part of an investigation into…more »

romgaz

Romgaz closes a contract of over RON 103 mln with Transgaz for gas transport

Oil & Gas October 17, 2017 14:39 0 comments

The state-owned gas producer Romgaz closed a contract of RON 103.29 million with Transgaz for gas transport during October 1, 2017- October 1, 2018, according to a report of Bucharest Stock Exchange (BVB). “The payment…more »

Competition Council approves Transeastern Power BV takeover of Petrom Wind Power

Power October 17, 2017 12:22 0 comments

OMV Petrom Wind Power is taken over by Transeastern Power BV after the transaction was authorized on Monday, according to a statement by the Competition Council. OMV Petrom Wind Power is a subsidiary of OMV…more »

Energy Ministry and ANRE set up a commission to check the investments from distribution networks

News October 10, 2017 10:24 0 comments

A commission formed of the representatives of the Energy Ministry and National Authority of Energy Regulation (ANRE) set up a commission to check the state of the electric networks and investments of the distribution operators,…more »

Hidroelectrica

Energy Ministry prepares the draft bill on Hidroelectrica’s 10 pct stake sale in IPO

Stock Exchange October 09, 2017 15:23 0 comments

The Energy Ministry has prepared a draft bill on Hidroelectrica’s listing of a 10 percent stake in an Initial Public Offering (IPO). The bill which is debated in the Energy Ministry will change thus the…more »

Oltenia Energy Complex

Oltenia Energy Complex estimates gross profit of RON 186.4 mln this year after three years on loss

News October 05, 2017 12:11 0 comments

Oltenia Energy Complex, one of the main energy producers from Romania, estimates a gross profit of RON 186.4 million this year after three years on row of losses. The energy producer estimates total revenues of…more »

MOL Romania opens two gas stations in Rasnov and Busteni, reaching 210 units

Oil & Gas October 05, 2017 10:56 0 comments

MOL Romania has opened two new gas stations in Rasnov and Busteni, reaching 210 units and has also continued the implementation of fresh corner concept in 67 of its units. Within the fresh corner units,…more »