CEFC will close the deal with Rompetrol’s shareholder in a few weeks
China’s CEFC could conclude the process of purchasing 51 percent of the shares of oil company KMG International NV by…
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NAFTA negotiators seek to enshrine Mexico’s energy reforms
U.S., Canadian and Mexican negotiators are zeroing in on ways to enshrine Mexican President Enrique Pena Nieto’s sweeping energy reforms…
Fuel excises to grow in two legs, on Sep 15th and Oct 1st
Finance Minister Ionuţ Mişa announced on Wednesday, at the beginning of the Government meeting, that excise taxes on fuel will…
Competition works, but liberalization is still far from being completed (EBC, Aug 30)
This is the brief description of the situation in Romania’s energy markets – electricity and natural gas, a description which…
Rompetrol’s shareholder, CEFC, in early talks to buy Rosneft stake
CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to…
Rompetrol Rafinare closes first semester with a net loss of $ 7 million
Rompetrol Rafinare, a KMG International group member company, registered a gross consolidated turnover worth USD 1.7 billion in the first…
Gazprom Neft to boost dividends as output growth beats peers
Gazprom Neft PJSC, the oil unit of Russia’s biggest natural-gas exporter, is set to boost dividends over the next few…
KMGI to expand fuel station network in Romania and Bulgaria
Oil refiner KMG International (KMGI) wants to open more petrol stations in Romania and Bulgaria and is on the lookout…
OMV Petrom’ S1 numbers – an Econ 101 lesson for Gov’t
OMV Petrom announced a net profit of 1.21 billion lei in the first half of this year, nearly three times…
Gazprom’s monopoly may be over: Russian Security Council recommends liberalization of gas export
The Russian Security Council’s inter-agency commission for security in the economic and social spheres has encouraged the country’s government to…
Transgaz, interested to bid for 66% of the Greek natural gas transmission system operator DESFA
In a consortium with France’s natural gas transmission system operator GRTgaz, Transgaz expressed its interest for a majority stake in…
Poland to continue steps to cancel EU move to grant Gazprom more access to OPAL
Poland will continue its efforts to cancel the decision of the European Commission to grant Russia”s energy giant Gazprom more…
MOL raises bar for 2017 after H1 good results
MOL Group announced all business segments increased their earnings in H1, implying a 23% growth of Clean CCS EBIDTA in…
Chimcomplex and White Tiger made offers of more than 100 mln. euro for Oltchim
The offers submitted by Chimcomplex Borzeşti (controlled by businessman Ştefan Vuza) and the White Tiger investment fund are considered with…
Audi prepares the transit to e-cars: will invest 10 billion euro
Audi aims to cut costs by 10 billion euros ($12 billion) by 2022 to help fund a shift to electric…
Shell sees oil demand peaking by late 2020s as electric car sales grow
The world’s oil consumption could peak as early as the end of the next decade as electric vehicles become more…