Siemens retreats from Russian energy after Crimean scandal
Germany’s Siemens tried to distance itself from a Crimean sanctions scandal on Friday, halting deliveries of power equipment to Russian…
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Energy Ministry to allott 11.4 mln. RON for a minefield expropriation
The Ministry of Energy has initiated a draft Government Decision which stipulates the allocation of 11,4 million lei for the…
Rompetrol Rafinare announces new multi-million USD contracts with KazMunayGas
Rompetrol Rafinare (RRC) announced the conclusion of new contracts. Thus, RRC acquired from KazMunayGas Trading AG (parent company’s subsidiary) oil…
MOL, Evonik and thyssenkrupp are investing in a new project worth more than 1 billion euro: Poliol
Half a year after the announcement of the 2030 strategy, MOL Group has reached an important milestone in its industrial…
ELCEN’s profit up 83% to 36 million euro in H1
Electrocentrale Bucuresti S.A. (ELCEN) company, insolvent since October 2016, recorded in the first six months of 2017 a 165 million…
Romania, Bulgaria, Greece and Hungary promise to work for the Vertical Gas Corridor
Transgaz, a company controlled by the Ministry of Economy, signed on Wednesday the memorandum regarding the Vertical Gas Corridor that…
Northern Europe has too many wind farms, Southern – too few
Europe’s wind farms are too heavily concentrated in countries bordering the North Sea and need to be spread more evenly…
OMV Petrom invests 60 million euro in Petrobrazi’s new poly-fuel unit
OMV Petrom has started works on the new Petrobrazi refinery’s poly-fuel unit. The new unit will allow conversion of LPG…
Angela Merkel might announce Germany’s coal exit
Chancellor Angela Merkel appears to have signalled the end of brown coal in Germany, Michael Bauchmüller writes in Süddeutsche Zeitung.…
Gazprom exported 22% more gas to Turkey until mid-July
Russia’s Gazprom exported 22 percent more gas to Turkey on January 1-July 15, the energy giant said Tuesday. During that…
The lack of clarity and predictability of the regulatory environment in the gas field persists
The lack of clarity and predictability of the regulatory framework for natural gas persists, with negative impact on both the…
BRM demolishes arguments for ceding the gas exchange, denies keeping just part of trades
The Romanian Commodity Exchange (BRM) leadership disagrees with the proposals according to which the gas ring is to be given…