ENGIE: Stopping energy imports from Russia would affect supply next winter
Any decision to stop energy imports from Russia in retaliation for Moscow’s invasion of Ukraine will affect France’s and Europe’s…
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OMV joins large energy companies and withdraws from Russia
The Austrian group OMV announced on Saturday that it is withdrawing from Russia, being the latest energy company to make…
EU agrees to start the accession process of Ukraine, the Republic of Moldova and Georgia
The 27 EU member states agreed on Monday to start the process by which Ukraine, the Republic of Moldova and…
Rompetrol is victim of a cyber-attack; Fill&Go service is suspended, cash and card payments are functional
Last night, Rompetrol faced a complex cyber-attack, KMG International’s Communications and Public Relations Department announced. “We are in constant contact…
Blinken says US is working with European allies to look at ‘prospect’ of banning Russian oil imports
UPDATE WTI crude futures jumped to their highest levels since 2008 early on Monday, amid the risk of a Western…
IEA: 10 measures the EU should adopt to reduce Russian gas dependency
The International Energy Agency has presented the EU with 10 measures to reduce its dependence on Russian natural gas within…
Republic of Moldova has signed the application for EU accession, it will need investments of 4 bln. euro
President Maia Sandu announced on Thursday evening that she has signed the application for the accession of the Republic of…
T. Chirica: A nuclear tragedy like the one at Chernobyl is no longer possible
A nuclear tragedy of the magnitude of Chernobyl cannot be possible anymore, as the current power plants are protected by…
Petromidia refinery – scheduled technological shutdown
Rompetrol Rafinare, member company of the KMG International Group (KMGI), will suspend the operational activity of the Petromidia Năvodari refinery,…
OMV Petrom supports humanitarian aid operations for refugees from Ukraine
OMV Petrom joins the efforts of civil society and the Romanian authorities in supporting refugees from Ukraine. Thus, the company…
Dragoș Bărbulescu joins the CEZ Romania team
Starting with March 2022, Dragoș Bărbulescu holds the position of CFO and Member of the Management Board within CEZ Romania.…
IAEA announces that the “essential” equipment of the Zaporozhye plant is not affected
Essential equipment at Ukraine’s Zaporozhye nuclear power plant is not affected by Russian bombings, and radiation levels remain unchanged, the…
MIPE announces that German giant Varta is interested in a 1 billion euro investment in Romania
Roxana Mînzatu, Secretary of State in the Ministry of European Investment and Projects, announced in a Facebook post that the…
New protection measures for consumers risk to bring about a string of insolvencies in the power supply market
More than a week ago, prime minister Nicolae Ciucă announced the Government was close to finishing measures for protecting the…
AFP: Russian oil giant Lukoil calls for halt to Ukraine armed conflict
Russian oil giant Lukoil on Thursday called for an immediate halt to fighting in Ukraine, one of the first major…
Coal is back in the spotlight
All of Europe is anxiously checking the storage levels of its gas depots these days as Russia’s ongoing invasion of…
E.ON donates 250,000 euro to help refugees in Ukraine
The companies of the E.ON group in Romania donate 250,000 euro to the Romanian Red Cross in order to contribute…
Iohannis: The European Union’s dependence on Russian gas must end
The European Union’s dependence on Russian gas must end, President Klaus Iohannis said in a joint conference with European Commission…
Virgil Popescu spoke with the Azerbaijani president about Europe’s gas supply
Romanian Energy Minister Virgil Popescu in Baku spoke with President of the Republic of Azerbaijan Ilham Aliyev and other officials…
Brent oil price continues to rise, reaching almost $117
The price of a barrel of Brent oil supplied in March continued its rise on Thursday and rose by 3.48%…
Gazprom’s natural gas exports fell by a third between January and February 2022
Gazprom’s natural gas exports to countries outside the former Soviet Union fell 32.6 percent in the first two months of…
Fitch and Moody’s downgrade Russia’s rating by six steps to junk
Financial rating agencies Fitch and Moody’s downgraded Russia’s rating by six notches to “junk” (not recommended for investment), saying Western…
Iulian Iancu eyes the position of vice-president of ANRE
Iulian Iancu was nominated by PSD to take over the position of vice-president in ANRE, in place of Alexandru Stănescu.…