Bogdan Chiritoiu: 2017 – the most intense year for Competition Council
The Competition Council has the most intense activity this year, both in terms of the carried out investigations and those…
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The Petrom-Transeastern wind transaction offers the market a very low reference price – expert
Transeastern has offered Petrom for the 45 MW Dorobantu Park, a price of nearly 511.000 euros per MW, after investors…
Energy companies, among the least affected by digitalisation in Romania
Almost 67% of Romania’s energy and utilities companies say they will not undergo transformations due to the digitization, while 33%…
GE profit slumps by 60%, investors await new CEO’s targets
General Electric Co’s (GE.N) profit fell nearly 60 percent in the second quarter and it put off an expected “reset”…
Siemens retreats from Russian energy after Crimean scandal
Germany’s Siemens tried to distance itself from a Crimean sanctions scandal on Friday, halting deliveries of power equipment to Russian…
Energy Ministry to allott 11.4 mln. RON for a minefield expropriation
The Ministry of Energy has initiated a draft Government Decision which stipulates the allocation of 11,4 million lei for the…
Rompetrol Rafinare announces new multi-million USD contracts with KazMunayGas
Rompetrol Rafinare (RRC) announced the conclusion of new contracts. Thus, RRC acquired from KazMunayGas Trading AG (parent company’s subsidiary) oil…
MOL, Evonik and thyssenkrupp are investing in a new project worth more than 1 billion euro: Poliol
Half a year after the announcement of the 2030 strategy, MOL Group has reached an important milestone in its industrial…
ELCEN’s profit up 83% to 36 million euro in H1
Electrocentrale Bucuresti S.A. (ELCEN) company, insolvent since October 2016, recorded in the first six months of 2017 a 165 million…
Romania, Bulgaria, Greece and Hungary promise to work for the Vertical Gas Corridor
Transgaz, a company controlled by the Ministry of Economy, signed on Wednesday the memorandum regarding the Vertical Gas Corridor that…
Northern Europe has too many wind farms, Southern – too few
Europe’s wind farms are too heavily concentrated in countries bordering the North Sea and need to be spread more evenly…
OMV Petrom invests 60 million euro in Petrobrazi’s new poly-fuel unit
OMV Petrom has started works on the new Petrobrazi refinery’s poly-fuel unit. The new unit will allow conversion of LPG…
