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Oil & Gas

gas price

Romania gas imports up by 614 pct in the first 11 months of 2016

Oil & Gas January 16, 2017 16:00 0 comments

Romania imported a gas quantity of 876,100 of oil equivalent (tep) in the first 11 months of 2016, by 614.6 percent (753,500 tep) higher than the imported quantity in 2015, according to the data of…more »

"viorel stefan finance"

Romania new royalties scheme for oil&gas to be rolled out in Q1, says minister of finance

Legal January 05, 2017 10:09 0 comments

The minister of finance, Viorel Stefan, said during the hearings in Parliament for the approval of the new government, that the authorities will roll out new legislation that changes the way in which the oil…more »

fuel market

Romania gas price down under RON 5/litre, energy and train tickets prices fall in early 2017

Oil & Gas January 02, 2017 11:07 0 comments

The first day of the year brought a drop in prices by approximately 10 percent for gas and diesel fuel, up to RON 5/litre. This was due to the reduction of VAT from 20 percent…more »

gas price

Imported gas to cover one quarter of Romanian consumption in January

Oil & Gas December 29, 2016 14:16 0 comments

Imported natural gas will reach a quarter of the Romanian consumption in January and 4.35 percent of the household consumption will be covered by Russian gas, says a release of the National Authority of Energy…more »

omv petrom

Competition Council analyzes Mazarine Energy’s acquisition of assets owned by OMV Petrom

Oil & Gas December 28, 2016 13:16 0 comments

The Romanian Competition Council analyzes the deal through which OMV Petrom SA sells some oil fields to Mazarine Energy, according to a release of the anti-trust watchdog. The transaction includes the take over by Mazarine…more »

import natural gas

EIB, EBRD to support construction of gas pipeline between Moldova and Romania

Oil & Gas December 22, 2016 11:47 0 comments

In an effort to strengthen Moldova's energy security, the European Union, European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are providing a funding package of EUR 92 million to build…more »

gas price

Romanian gas imports up by 720 pct in the first ten months, production down by 13.9 pct

Oil & Gas December 19, 2016 15:29 0 comments

Romania has imported usable natural gas of 620,900 tones equivalent of oil (tep), which is 720.2 percent (545,200 tep) more compared with the imported quantity during 2015, according to the data of the National Institute…more »

Oil prices

KMG International to raise the refining capacity to 10 mln tonnes of oil/year in Romania

Oil & Gas December 16, 2016 11:44 0 comments

National company KazMunayGas Kazakhstan and China Energy Company Limited want to to raise the refining capacity to 10 million tones of oil/year in Romania and to build 200 new fuel filling points and a co-generation…more »

"liviu dragnea psd"

PM Ciolos asked by PSD head to delay VAT reduction in 2017 | Elimination of special construction tax, on hold

Legal December 13, 2016 17:04 0 comments

PM Dacian Ciolos was asked by the head of the PSD, Liviu Dragnea, to delay by one year the reduction of the VAT rate from 20 percent to 19 percent. The general VAT rate was…more »

"marco pannunzio"

Key move. Marco Pannunzio named managing director of Total Romania

Oil & Gas November 28, 2016 10:33 0 comments

French multinational Total, the oil and gas integrated company, has appointed Marco Pannunzio, 53, as the new managing director of the firm’s operations in Romania as of December 1. He is replacing Franck Haettel, who…more »