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Preventing imbalances on the gas market
A few days of freezing weather have uncovered the lack of flexibility in the national natural gas system and have…
Romania imported 20% more oil in the first two months
In the first two months of 2018, Romania imported 1,453 million tons of crude oil equivalent, with 242,500 toes (20%)…
KMGI extended a 360 mln. USD credit line by 2021
The KMG International Group (KMGI) has amended and extended its USD 360 million multicurrency revolving credit facility on Friday, 20…
Greece accepts Snam-led consortium’s offer for gas grid DESFA, Romania’s Transgaz loses bid
Greece has accepted a 535 million euro offer from a consortium led by Italy’s Snam for a majority stake in…
Petrobrazi refinery shuts down for 6 weeks during a 45 million euro turnaround
OMV Petrom announced that since Friday, April 13, turnaround starts at Petrobrazi Refinery. Project value (investment and costs) exceeds EUR…
Transgaz to find out by week-end the DESFA results
Tenders to buy a 66% stake in DESFA, the Greek gas carrier, would be open by the end of this…
Kazakh KMG sees sale of stake in KMGI to CEFC by end-June
KazMunaiGas’s deal to sell 51 percent of its Romanian business KMGI to China’s CEFC is still going ahead but has…
Romgaz: Investments of 1.6 billion lei in 2018 and diversification plans in CNG, renewable and petrochemicals
Romgaz estimates for this year an operating profit of 4.57 billion lei, down 8.1% from the preliminary value of the…
MOL diversifies production by building a rubber factory
MOL Group’s and JSR Corporation’s synthetic rubber plant (S-SBR) has been inaugurated on Monday. The plant employs cutting edge technology…
The story of the sole frost episode of this Winter; some numbers from Transgaz and 5 questions
Several days of frost have revealed the lack of flexibility of the national gas system, not enough prepared to cope…