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Oil Terminal cuts wages by 25% for 10 days
Oil Terminal suspends full wage payment for ten days in order to reduce expenses. Almost a thousand employees will be…
Electricity prices on the power exchange have doubled since the beginning of the month
The price of electricity on the OPCOM centralized market has been steadily increasing this month, Agerpres noted, with electricity delivered…
EU Observer: Putin strikes blow against Russia’s isolation by Europe
Russian leader Vladimir Putin has joined forces with Germany against the US over a new gas pipeline. His weekend trip,…
The first European island to run on renewable energy
The small Greek island between Rhodes and Kos has a winter population of 400 which swells to as many as…
Oltchim to cease production and enter general repairs
The petrochemical plant Oltchim Râmnicu Vâlcea announced that the general revision scheduled for this year will run from 1 to…
Turkish firms and government face $3.8 billion bond crunch in Oct – SocGen
Turkey and its firms face repayments of nearly $3.8 billion (£2.99 billion) on foreign currency bonds in October as the…
Denmark’s Maersk to spin off drilling
A.P. Moller-Maersk said it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest…
Transelectrica sues ANRE for damages caused by the reduction of the transport tariff
Transelectrica sued the National Regulatory Authority for Energy (ANRE) due to the latter’s decision to reduce the regulated electricity transport…
Power price surges abruptly by about 50%
The price of electricity on the spot market of the OPCOM yesterday reached an average of 268 lei per MWh,…
Rompetrol Rafinare, increase by 27% of raw materials processed in the first half of 2018
Rompetrol Rafinare, member of KMG International, recorded in the first half of this year an increase by more than 50%…
Gazprom’s H1 2018 natural gas sales to Romania up 4%
Gazprom’s exports of natural gas to Romania grew 4% in the first half of 2018, as compared to the same…
