Gas imports more than doubled in the first half
Romania imported in the first six months of 2016, the amount of usable natural gas of 222,400 tonnes of oil…
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Mihnea Constantinescu: Investing in energy security strengthens national security
This is the transcript of the message delivered by Mihnea Constantinescu, Ambassador for Energy Security at the Ministry of Foreign…
Financing contracts worth 21 mln. Euro for modernizing Rovinari and Ișalnița
The Ministry of Energy signed with Complex Energetic Oltenia two financing contracts worth about 21 million euros for the modernization…
Electrica: Net profit up 21% in H1 due to increased supply
Electrica Group registered in the first half of 2016 a consolidated net profit of 336 million lei, up by 59…
EU allocates Euro 187 million for Finnish-Estonian gas link
The European Commission has allocated Euro 187.5 million for building a gas pipeline, the Balticconnector, between Finland and Estonia, the…
Soros Fund Management slashes gold stake in second quarter
Soros Fund Management sharply cut its shares in gold in the second quarter, when bullion prices rose to two-year highs,…
Oil, gold and investments – Q3 barrel still at 45-50 USD
Commodities were broadly unchanged for a third consecutive week but plenty of individual action was seen last week. ”We are…
Valeriu Binig: An inter-institutional cooperation between the legislative, the executive and the regulators is required
This is the transcript of the message delivered by Valeriu Binig, partner EY România, during the 2016 Energy Strategy Summit,…
Romgaz make less profit, but preserves its profitability
Romgaz announced a profit of 615 million lei in the first quarter of the year, a period that can be…
Lower tariffs and halved exports cut one third of Transelectrica’s profits in 2016, S1
Transelectrica posted a net profit of 142 million lei in the first six months of 2016, down by about 32.6%…
IEA: Global oil demand will slow in 2017
The International Energy Agency expects that in 2017, the oil demand will grow at a slower pace than in 2016…
Romania’s emergency oil stocks set at 1.24 mln. toe
The levels of the emergency stocks for crude oil and petroleum products was set at about 1,24 million tons of…
Alro Slatina wins a long term contract with the aircraft manufacturer Airbus
Airbus, the leading producer of aircraft, has selected the company Alro Slatina as provider of aluminum, the agreement is concluded…
Works on Unit 1 of Cernavodă NPP got Nuclearelectrica in the red in first half of the year
Nuclearelectrica finished the first half of the year with a net loss of 37.83 million lei, derived from the reduction…
Over 5% economic growth for Romania in S1 2016, compared to S1 2015
Romania’s gross domestic product increased by 5.2%, on the gross series and by 5% on the seasonally adjusted series, in…
First part of Turkish Stream to be built by December 2019
The Russian Minister of Energy Alexander Novak argued that the execution of the first section of Turkish Stream gas pipeline…
Ghinea: Projects for Bucharest’s district heating refurbishment must be finished by February
The rehabilitation of the district heating in Bucharest is part, along with the laser project in Magurele, of the possible…
Gheorghe: Petrom’s fuel sales exceeded the market average
Sales of gasoline and diesel increased by 5.6% in the first half of this year compared with the same period…
MOL’s Panfora Oil and gas to start exploring in two oil blocks in western Romania
The Hungarian oil group MOL, through Panfora Oil and Gas, starts exploring in two oil blocks in western Romania, Voivozi…
CEZ shares fall, but the adjusted profit holds ground
CEZ AS fell the most in more than six weeks after its second-quarter profit missed all analyst estimates and the…
SolarCity gets ready for the Tesla takeover
SolarCity Corp. is facing near-term roadblocks as installations slow and the pending acquisition by Tesla Motors Inc. hinders its financing…