Energy - Business Review



SOCAR opens second gas station in Bucharest, reaching 36 units in Romania

Oil & Gas May 23, 2017 16:51 0 comments

SOCAR has opened the second gas station in Bucharest in the second district, reaching 36 stations across the country. The station is fitted with a unit for recharging the electric cars, jetwash spaces, facilities for…more »


Romania invited to join OECD’s Nuclear Energy Agency

Energy May 19, 2017 12:30 0 comments

The Organization for Cooperation and Economic Development (OECD) officially invites Romania to adhere to its Nuclear Energy Agency (NEA), as well as to the data bank of the Agency, according a release of the government.…more »


Petre Ion Vaduva resigns from general director position at Transgaz

Oil & Gas May 17, 2017 11:57 0 comments

Petre Ion Vaduva resigns from the position of general director at Transgaz because of personal reasons, but will continue the non-executive administrator mandate, while Ion Sterian will be appointed as interim general director, according to…more »


Romania to define reference gas price for new royalties scheme

Oil & Gas May 15, 2017 17:01 0 comments

The National Agency for Mineral Resources (ANRM) will establish the reference price of royalty calculations for natural gas, said Sorin Gal, general director within the institution, according to Agerpres. „The reference price for natural gas…more »

Tiriac Energy Sincro Simleu-Silvaniei

Tiriac Energy opens the first four gas stations in franchise, worth EUR 200,000

Oil & Gas May 12, 2017 12:23 0 comments

Tiriac Energy, the energy division of Tiriac group, opens officially the first four stations in franchise, for which it aims to attract 50 partners, after an investment of EUR 200,000. The gas stations chain will…more »

mariana gheorghe

OMV Petrom Q1 net profit up two fold to RON 618 mln over higher sales

Oil & Gas May 11, 2017 14:37 0 comments

OMV Petrom group posted a net profit of RON 618 million in the first quarter of this year, growing by 114 percent compared with the net profit during the same period of 2016, according to…more »

"gas pipeline"

Works for BRUA gas pipeline to start in November, says Transgaz

Energy May 11, 2017 13:23 0 comments

State-owned Transgaz, the operator of the gas transport network in Romania, estimates that the works for BRUA gas pipeline will start in November and it will cross 20,000 private properties in the country, according to…more »


Electrica eyes CEZ Bulgaria acquisition, says minister of energy

Power May 10, 2017 11:46 0 comments

Electrica, the Romania-based supplier and distributor of electricity, plans to take over the operations of Czech utility CEZ in Bulgaria, according to the minister of energy, Toma Petcu. Petcu said in an interview with…more »

oil and gas romania

Analysis. Massive Black Sea energy investments stumble into slow public decision-making process

Oil & Gas May 10, 2017 07:00 0 comments BR Exclusive

Although Black Sea gas was touted as the main solution to help Romania reach energy sufficiency, the slow development of legislation to support risky offshore developments and protracted discussions over the new taxation framework for…more »

Georgios Stassis

Enel to install over 150,000 smart meters in Romania this year

Power May 09, 2017 15:31 0 comments

Italian utility Enel will install over 150,000 smart meters in Romania this year, adding to the 140,000 units it already rolled out for its customers in 2016. The smart meters will be installed in Muntenia…more »