News

Ursarescu (ANRM): Refusal to update gas price has damaged the state by 3 billion USD

Keeping the reference price of natural gas by the previous management of the National Agency for Mineral Resources (ANRM) at…

Decreases for thermo and hydro, growth on wind

Electricity production in thermal power plants decreased by 13.1% in the first two months of this year compared to the…

MOL approves USD 376 million dividends

MOL group’s Annual General Meeting accepted dividend payment of HUF 107 bn (USD 376 mn), a significant increase compared to…

Conpet prepares a contract with NIS Petrol

The Conpet National Oil transporter (COTE) concluded a partnership protocol with NIS Petrol SRL Romania for the provision of oil…

Transelectrica to invest 285 million lei in 2019

The operator of the national electricity transmission network will submits to the shareholders on May 13 the investment budget for…

Delgaz Grid invests over 7 million lei in detection equipment

Delgaz Grid teams will be equipped this year with 430 detection devices using state-of-the-art technology. Last year, the company acquired…

RAAN finds a buyer for heavy water

Autonomous Nuclear Activities (RAAN), controlled 100% by state through the Ministry of Energy and for 3 years in bankruptcy, found…

Black Sea Oil & Gas’ Midia project receives approval from ANRM for the Field Development Plan for the Ana and Doina Gas Fields

Black Sea Oil & Gas – BSOG together with its co-venture partners, Petro Ventures Resources SRL (“Petro Ventures”) and Gas…

Romania loses yet again VW for Bulgaria or Turkey

Although Romania was on the VW list for a new factory, it appears that it lost again, this time for…

The BRUA project could return to its original form, following ACER’s decision

The BRUA pipeline, a strategic project for Romania, could return to its original plan, despite the vehement opposition of Hungary,…

Transelectrica starts work on the 400 kV line Gutinas-Smardan

The Ministry of Energy announced the financing with European funding worth 31 million euro for the construction of the 400…

The Hidroelectrica Directorate is in full recruitment process, along with Pluri Consultants

Hidroelectrica, with the support of Pluri Consultants Romania, announces the launching of the recruitment and selection procedure for nomination for…

Nuclearelectrica approved the investment project with CGN for Units 3 and 4

Nuclearelectrica has approved, in the Extraordinary General Meeting of Shareholders held yesterday, the Investors’ Preliminary agreement on Units 3 and…

Transelectrica: The management of the SMART subsidiary was „adventurous”, causing losses

Transelectrica (TEL) shows in the document of economic and financial restructuring of the maintenance company SMART that the activity of…

Suceava students from Stefan cel Mare won the Energy Challenge 2019

E.ON Romania and the partner institutions have organized the 5th edition of Energy Challenge, a competition for energy projects this…

The competition analyzes the takeover of Valt and Marine Sergeant by Vitol Bitumen

The Competition Council analyzes the transaction by which Vitol Bitumen Investments BV in the Netherlands takes over Valt BV, the…

FIC: Investors are more reluctant regarding their business development this year

Bogdan Tudorache The most recent results of the Foreign Investors Council’s (FIC) Business Sentiment Index raise some important worries and…

Ion Lungu (CEZ) confirmed as president of AFEER, Marius Chicioreanu (ENGIE) and Cristian Culea (Enel) enter the Board of Directors

Bogdan Tudorache The General Assembly of the Association of Electricity Suppliers in Romania – AFEER, decided to reappoint Professor Ion…