Mihail Mitroi: Gas storage should be the emergency plan of this energy strategy
This is the transcript of the message delivered by Mihail Mitroi, Vicepresident at Prospecțiuni S.A., during the Energy Strategy Summit,…
KMG invests another 18 million dollars into Rompetrol chain
KMG International will invest through Rompetrol Downstream about 18 million dollars by the end of 2015 into expanding its retail…
Elements of an optimal fiscal regime for Romania’s offshore sector
Policy Paper, June 2015 Context The Energy Policy Group (EPG) organized on 21 May 2015, with the support of the Romanian…
BP settles 2010 U.S. oil spill claims for 18.7 billion dollars
BP Plc has reached a comprehensive 18.7 billion dollars settlement with the U.S. government and five states, a landmark deal…
Gas price for heating up by more than 11%
The government approved on Wednesday a new timetable for the liberalization of the purchase price of natural gas from domestic…
Artur Stratan: A principle delivered to the Government is tax on profits, not on investment
This is the transcript of the message delivered by Artur Stratan, Chairman of the Association of Oil Exploration and Production…
Oil to rise again as Brazil, Iraq cut output
Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from…
GE to sell its global fleet assets to Element and Arval
General Electric on Monday said it agreed to sell its fleet management arm in the United States, Mexico, Australia and…
SOCAR will raise investments in Romania to 100 million euros
State Oil Company of Azerbaijan, SOCAR, has so far invested 50 million euros in Romania and will allocate a similar…
John Knapp: Without regulatory stability, Black Sea investments aren’t going to happen
This is the transcript of the message delivered by John Knapp, Managing Director at ExxonMobil in Romania and Chairman of…
Gheorghe Duțu: We work with major oil and gas operators to improve the legislative framework
This is the transcript of the message delivered by Gheorghe Duţu, President of the National Agency for Mineral Resources (NAMR),…
Lukoil looks for oil in two new offshore drillings at the Black Sea
Lukoil plans to drill by the end of year two oil wells in Romanian waters of the Black Sea, said…
Oil steadies over European optimism on Grexit
Oil prices was flat on Tuesday as stronger European economic data and optimism a deal will be struck between Greece…
Rompetrol Rafinare invests a further 11 million dollars into environmental protection
Rompetrol Rafinare, a KMG International member-company, has invested over 11 million USD for putting into operation the first electrostatic precipitator…
International oil prices make gasoline more expensive also in Romania
In recent weeks, developments in the international prices of the two categories of products made in diesel cheaper and gasoline…