General maintenance of the Petromidia refinery, finalized with success
Rompetrol Rafinare, a member company of KMG International, has successfully completed the maintenance of the Petromidia refinery and has initiated…
Rompetrol Georgia joins efforts to combat the COVID-19 pandemic
KMG International, through its subsidiary Rompetrol Georgia, will donate a total of 60,000 liters of fuels to the Georgia Emergency…
Delgaz Grid acquires devices and equipment for detecting natural gas losses
Delgaz Grid, the gas and electricity distribution company within the E.ON group, purchases with 4.97 million lei, excluding VAT, appliances…
Zamfir (PSD): I publicly ask Prime Minister Ludovic Orban to postpone the liberalization of utility prices
PSD Senator Daniel Zamfir asked Prime Minister Ludovic Orban to postpone the liberalization of utility prices through a Government decision,…
Gas demand drop hits German energy companies as storages full and prices low
The fall in natural gas demand due to the coronavirus crisis is not only impacting producing countries, but also German…
Petromidia: Declining gross margin, but sales kept constant, in 2019
Bogdan Tudorache The refining segment’s financial results in 2019 were negatively affected by unfavorable market conditions, Petromidia’s gross refinery margin…
Verchere, about the Neptune Deep project: Time is not on our side
OMV Petrom wants to continue the Neptun Deep project, but legislative changes are needed to ensure stability, fiscal competitiveness and…
Petrom’s Brazi gas plant will produce more electricity this year
The gas power plant in Brazi produced 1.12 TWh of electricity in the first quarter of the year, a slight…
Conpet approved dividends worth 61 million lei
Conpet informs that based on the Decision of the Ordinary General Meeting of Shareholders no. 2 of 29.04.2020, the distribution…
The capping of car fuel prices should only apply to retail
The measure on capping the prices of motor fuels should apply only to their sale in distribution stations, depending on…
OMV Petrom estimates a 45% drop in fuel demand in the second quarter
OMV Petrom estimates a 45% drop in fuel demand in the second quarter of this year and a 20% year-round…
Common approaches for energy efficiency (video conference, April 28)
On April 28, Energynomics continued the series of meetings dedicated to energy efficiency in 2020 with an online video conference…
OMV Petrom: Operating results 21% lower in Q1, investments down by 30%
OMV Petrom had a 21% reduction in operating income to 975 million lei in the first quarter of this year.…
OMV Petrom has approved dividends of 1.76 billion lei for 2019
The Ordinary General Meeting of Shareholders of OMV Petrom (SNP) approved the proposal of the Management Board to distribute dividends…
Transgaz distributes 52% of net profit as dividends
The company that operates the national natural gas transmission system, Transgaz, will distribute a gross dividend of 15.47 lei/ share.…
ANRE sets the gross rate of return of electricity and gas distributors at 6.19%
Bogdan Tudorache ANRE changed the rate of return of electricity distribution operators, setting a new index of 6.19%. “The regulated…
Romgaz: 1.5 mln. lei support for Alba County Emergency Hospital
Romgaz announced that it is directing the money allocated to sponsorships for the medical sector to hospitals in the country…
MOL Romania supports the fight against coronavirus with another 400,000 euro
Bogdan Tudorache MOL Romania supports the efforts to fight the new coronavirus by granting 400,000 euro to the Dăruiește Viață…
Oil Terminal decided to distribute 50% of last year’s profit to shareholders
The shareholders of Oil Terminal (OIL) decided to distribute 50% of last year’s profit, respectively 1.13 million lei, according to…
Romgaz shareholders approved the distribution of dividends worth 620 mln. lei
The shareholders of Romgaz (SNG) approved, today, the distribution of dividends of 535.7 million lei, respectively a gross dividend of…
Minister of Economy: In the short term Romania will not be affected by the drastic drop in US oil prices
Romania will not be affected, in the short term, by the drastic drop in the price of oil in the…
Nicolescu: The oil industry could be helped by giving up bioethanol imports for a while
The state could help the refineries by temporarily giving up bioethanol imports, said former Energy Minister Răzvan Nicolescu. “It is…
Investors hail Shell’s net-zero emissions pledge
Environmentally-minded investor groups have commended Anglo-Dutch oil and gas major Shell for committing to cut emissions to net-zero by 2050…