The Supervisory Board could change the CE Oltenia directorate on Tuesday
Bogdan Tudorache The Supervisory Board of the EC Oltenia could decide on Tuesday, February 18th, to change the current directorate,…
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It’s official: Dacia will launch an electric model next year
The first Dacia electric car will be launched on the market in 2021-2022 and will be a small city car,…
GEO that prevents Exxon from selling its Black Sea shares needs CSAT approval
One of the 25 Emergency Ordinances approved last week concerns the changes brought to the Oil Law. But this has…
Nițu, Transelectrica: Investments are our main priority
The National Transport Company of Electric Energy Transelectrica ”pays more attention to the charts for the investments of the modernization…
Oil Terminal – profit almost nine times higher than in 2018
Oil Terminal, the operator of the Black Sea oil terminal, reported a preliminary net profit of 2.42 million lei for…
Transelectrica’s profit, up 28% in 2019
Transelectrica’s profit registered an increase of 28% in 2019, to 104.4 million lei, according to the preliminary financial report. The…
Bode: Electrifying and refurbishment of the railway Cluj-Napoca – Episcopia Bihor, one of the most important projects
The Minister of Transport, Lucian Bode, said on Friday in Cluj-Napoca that one of the most important railway infrastructure projects…
Romania’s economy advanced 4.1% in 2019
The growth pace of the Romanian economy slowed to 4.1% last year, after increases of 4.4% in 2018 and 7.1%…
Competition authorized the takeover of Hydro Extrusion by the Austrians from Hammerer Aluminum
The Competition Council authorized the transaction by which Hammerer Aluminum Industries Holding Gmbh from Austria takes over the local company…
New maritime fuel with low sulfur content produced at Petrobrazi, following an investment of 3 million euro
OMV Petrom has developed, at the Petrobrazi refinery, a new maritime fuel with a low sulfur content, up to 0.5%.…
Verchere: The first cubic meter of gas in Neptune Deep could be extracted only from 2024-2025
The first gas molecule could be extracted from the Neptune Deep perimeter of the Black Sea only in 2025, if…
AIK Energy, a London-based company run by Harald Kraft, takes over Valahia Gaz
The Competition Council authorized the transaction by which AIK Energy, a company registered in London and locally managed by Harald…
Cîţu, MFP: There is no discussions of a pollution tax at this time
I do not think that a pollution tax for cars alone would solve the problem at national level, and my…
The EIB will allocate more money for clean energy projects, also in Romania
The European Investment Bank (EIB) will no longer finance projects on fossil fuel energy production, which means more money will…
CE Oltenia will be closed, if not restructured; Finances sent financial inspection
The Oltenia Energy Complex (CEO) will be closed if it does not follow the restructuring plan it undertook to receive…
Intero Integrity Services acquires environmental and integrity service provider The Sniffers
Intero Integrity Services announced it has acquired The Sniffers, a longstanding service provider to the oil & gas industry and…
Business Trends in 2020 – Some reasons for optimism…
… and some against That would be the proper full title for this article, a text which emerged after I…
FPPG: No reasons for gas prices to increase
The Federation of Petroleum and Gas Employers (FPPG) practically accuses some distributors of artificial price increases. FPPG argues that “under…
Hidroelectrica selects the legal consultant for the IPO
Hidroelectrica has launched the public procedure aimed at the acquisition of “lawyer consulting and legal assistance services” for listing on…
Niculae Havrileț, proposed for the Supervisory Board of OMV Petrom
The Ministry of Economy, which is a minority interest holder in OMV Petrom, with 20.63% of the shares of the…
Romania was, last year, a net importer of electricity
Romania was, last year, a net importer of electricity, as imports increased by 74%, while exports decreased by 34%, according…
Romania has exceeded the threshold of 250 green buildings; two thirds are in Bucharest
More than 250 buildings in Romania have been certified as green buildings, and most of them, respectively 75%, are in…
Parliament backs EU list of energy projects, ignoring Greens
The European Parliament voted overwhelmingly on Wednesday (12 February) against a motion to reject a proposed list of priority energy…