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oil prices

Romania imported over 7.4 mln tep oil in 2016

Oil & Gas February 20, 2017 10:44 0 comments

Romanian imported in 2016 over 7.4 million tep oil, with 872,800 tep (13.2 percent), more than in 2015, according to the National Institute of Statistics (INS). The oil production amounted to 3.57 million tep,  4.3…more »


Romgaz profit down by 14 pct in 2016

Oil & Gas February 17, 2017 12:39 0 comments

Romgaz posted a 14 percent year-on-year decrease in 2016 to RON 1.02 billion, according to the initial report regarding the financial results. „Due to the sales volume drop by around 17 percent mainly because of…more »

Romania Oil & Gas Summit

Black Sea Oil and Gas could start offshore gas production in Romania in 2019

News February 16, 2017 15:50 0 comments

Black Sea Oil & Gas (BSOG), owned by Carlyle International Energy Partners, could start the gas production from one of its concessions in the Black Sea in 2019, but this target depends on the approval…more »


Rompetrol Rafinare’s consolidated net profit to USD 49.8 mln in 2016

Oil & Gas February 16, 2017 12:55 0 comments

Rompetrol Rafinare, member of KMG International, recorded a consolidated operational EBITDA of USD 182.5 million in 2016, up by 62 percent compared with 2015, according to the data transmitted by the company. The net consolidated…more »

Mark Wagley

Romanian gas production down by 12.5 pct in 2016, imports up by 629 pct

Oil & Gas February 16, 2017 11:33 0 comments

The Romanian gas production went down by 12.5 percent in 2016 to 7.48 million tones oil equivalent, while imports went up by 629 percent compared with 2015, amounting to RON 1.185 million tones oil equivalent,…more »

gas price

INS: Romania’s gas imports up by 629 pct in 2016

Oil & Gas February 10, 2017 15:00 0 comments

The gas imports went up by 629 percent in 2016, compared with 2015, reaching to 1.185 million tones oil equivalent, shows the data published on Friday by the National Institute of Statistics (INS). Meanwhile, the…more »

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 »