Rompetrol encourages the use of electronic billing
Rompetrol Downstream, the company operating the fuel distribution stations of KMG International Group, will run a communication campaign from July…
ALDE wants to change offshore law through an emergency procedure
The Alliance of Liberals and Democrats Party – ALDE spokesman Varujan Vosganian said that there are issues ALDE wanted to…
Berlin is under increasing pressure to pull the plug on Nord Stream 2
Nord Stream 2 is a gas pipeline that would allow Germany to effectively double the amount of gas it imports…
Russia, ready to invest $50bn in Iran’s energy industry
Iran has touted $50bn worth of potential Russian investments in its oil and gas sector as it seeks to deepen…
MPs sent the gas companies back to the drawing board. Will they be back?
The Chamber of Deputies, in extraordinary session, passed by final vote the draft Law on some measures necessary for the…
KMG International announces best-ever results since the takeover
KMG International publishes its fourth sustainability report, drafted according to international standards (Global Reporting Initiative G4), and announces the economic,…
World Bank, AIIB allocate $1.2b loan to Turkey for natural gas storage facility
urkey’s ever-growing energy industry continues to draw investments from international institutions. The World Bank and Asian Infrastructure Investment Bank (AIIB)…
Energy sector, the biggest contributor to global M&As so far in 2018
A historic peak in global mergers and acquisitions (M&A) in the first half of 2018 has seen the energy and…
The transaction between KMGI and CEFC has failed
The deal for the takeover of 51% of the shares of the oil company KMG International NV, the former Rompetrol…
L. Nistoran: Romgaz could take over one of Interagro’s chemical fertilizers plant
The strategy for development of Romgaz, the most important state-owned gas producer in Romania also includes investments in the chemical…
KMGI EBITDA up 12%, Petromidia sales to non-group grow 40% in Q1
This year’s first quarter brought an improvement for KMG International, in terms of its operational and financial results, in the…
Saudi Arabia plans to pump up to 11 million bpd of oil in July, a record high (Reuters)
Saudi Arabia plans to pump up to 11 million barrels of oil per day (bpd) in July, the highest in…
The gas price on the wholesale market will be about 15% higher in December 2018 compared to December 2017
The weighted average price of natural gas from domestic production traded on the Romanian Commodities Exchange (RCE) increased in the…
Romania faces Russian aggression on a daily basis and is fending off a wave of cyber-attacks
Romania faces Russian aggression on a daily basis in the Black Sea and is fending off a wave of cyber-attacks…