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Oil & Gas

Minister Petcu: There is enough gas in Romania for this winter

Oil & Gas November 20, 2017 17:12 0 comments

Toma Petcu, the energy minister, criticized this Monday the „warring declarations” related to the gas imports. „There are several warring declarations in the public spaces that this winter Romania will have to import gas. I…more »

EIB finances BRUA pipeline with EUR 50 mln worth loan

News October 20, 2017 16:28 0 comments

The European Investment Bank (EIB) provided a loan of EUR 50 million to Transgaz to finance the first phase of the Bulgarian-Romanian-Hungarian-Austrian (BRUA) pipeline. According to the Bucharest Stock Exchange (BVB), the BRUA topic will…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 »

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 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 »

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 »

Hunedoara Energy Complex

Hunedoara Energy Complex closes contract with Romgaz for RON 22 mln

Oil & Gas October 03, 2017 14:43 0 comments

Hunedoara Energy Complex closed a contract with Romgaz, one of the main gas producers in Romania, for RON 22 million, VAT included for the period October 1, 2017- September 30, 2018, according to a release…more »

OMV Petrom to invest EUR 70 mln in Black Sea drilling campaign

Oil & Gas September 18, 2017 14:47 0 comments

Austrian oil major OMV Petrom has kicked of a new drilling campaign in the Black Sea, which will require investments of EUR 70 million by mid-2018. Three new drills will target deposits that were already…more »


Lukoil Romania, investigated in tax evasion case

Legal September 15, 2017 16:50 0 comments

The Directorate for Investigating Organized Crime and Terrorism (DIICOT) is investigating the Romanian subsidiary of Russian oil major Lukoil in a case involving allegations of setting up of a criminal group, tax evasion and complicity…more »

EBRD could buy stake in offshore gas project from Black Sea Oil & Gas

Oil & Gas September 15, 2017 16:12 0 comments

The European Bank for Reconstruction and Development (EBRD) negotiates with Black Sea Oil & Gas the acquisition of a stake in a gas project in the Black Sea, said Mihnea Craciun, deputy director of the…more »