Energy - Business Review

Energy

Romgaz records 41 pct spike in profit in H1 on higher sales

Oil & Gas August 11, 2017 13:48 0 comments

Romgaz, the state-owned gas producer, recorded a net profit of RON 868 million in the first semester of this year, up 41 percent compared to the same period of last year due to higher sales…more »

KMG International could expand retail fuel stations network in Romania and Bulgaria

Oil & Gas August 11, 2017 11:41 0 comments

Oil major KMG International, controlled by Chinese CEFC, could expands its retail fuel stations networks in Romania and Bulgaria, once the company’s legal issues will be solved, said Alexey Golovin, senior vice president of KMGI,…more »

OMV Petrom posts a net profit of RON 1.2 bln in H1

Oil & Gas August 10, 2017 12:26 0 comments

The oil company OMV Petrom posted a net profit of RON 1.2 billion in the first semester of the year, which is 199 percent higher than the one from the similar period of 2016, due…more »

Minister Petcu: Negotiations with Chinese for nuclear reactors could be finished this year

Green & Renewables August 09, 2017 10:34 0 comments

The minister of energy, Toma Petcu, claims that Romanian authorities want to conclude this year the negotiations with the Chinese for the construction of two new nuclear reactors at Cernavoda. The Romanian minister spoke about…more »

2015 in review: energy

ANRE: suspension of quarterly tender of energy avoided bills increase

News August 08, 2017 11:35 0 comments

National Authority for Regulation in Energy (ANRE) said this Monday evening that the June suspension of the third quarter of this year's energy tender, for individuals and SMEs, was enforced because it didn’t fulfill the…more »

Romania’s Transgaz part of consortium looking to buy Greek DESFA

Oil & Gas August 08, 2017 09:23 0 comments

Romanian Transgaz, the natural gas transmission system operator, has submitted a joint letter of intention together with French GRTgaz for the acquisition of a 66 percent stake in Greek DESFA, the operator of the gas…more »

hidroelectrica sediu

Romania to list 10 pct of Hidroelectrica in first stage

Stock Exchange August 07, 2017 13:47 0 comments

The government wants to sell a  10 percent stake in Hidroelectrica, the state-owned power producer, on the Bucharest Stock Exchange (BVB) in the first phase, followed by the sale of another 5 percent, but the…more »

MOL Romania’s fuel retail sales up by 12 pct in H1

Oil & Gas August 04, 2017 13:17 0 comments

MOL Romania’s fuel retail sales continued to grow up by 12 percent in the first half of the year, while the gas sales increased by 1 percent, compared with the first half of 2016. Overall,…more »

Energy Union

Romania’s government pins spike in electricity prices on lack of investments, expensive coal and gas production

Green & Renewables August 04, 2017 10:12 0 comments

Romania’s Ministry of Energy has notified the energy regulator ANRE and Competition Council as electricity prices on the day-ahead market averaged at RON 445 per MWh, after peaking at RON 550 per MWh on Thursday.…more »

transelectrica

Transelectrica completes modernization of Tihau electric station, following RON 9.8 mln investment

News July 28, 2017 15:33 0 comments

Transelectrica has completed the modernization of the Tihau electric station which supplies Northern Transylvania, following an investment of RON 9.8 million, the company announced this Friday. “The modernization works were necessary to eliminate the new…more »