OMV Petrom increases the investments in 2018 by 58%, to 5.5 billion lei
The Ordinary General Meeting of Shareholders approved OMV Petrom S.A.’s 2018 investment budget of 5.55 billion lei, up 58% from…
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Key figures in Hidroelectrica’s revenue and expenditure budget for 2018
The energy producer Hidroelectrica proposes to shareholders for the May 4th General Assembly a “realistic and prudent” budget, with a…
China invested three times more into renewables than the US
China, the world’s largest emitter of greenhouse gases, is determined to rebalance its energy mix, and incorporate more clean energy.…
FIC: Romanian bureaucracy banishes new investors and discourages the present
Foreign investors consider that the bureaucracy makes Romania uncompetitive compared to other areas in Europe where they are doing business…
An energy crisis is looming in South-East Europe
Since the dissolution of the Eastern Bloc, energy production in Southeast Europe (SEE) has been stymied by chronic underinvestment. As…
Romgaz: Investments of 1.6 billion lei in 2018 and diversification plans in CNG, renewable and petrochemicals
Romgaz estimates for this year an operating profit of 4.57 billion lei, down 8.1% from the preliminary value of the…
Investors pile into Gazprom bond sale
Just as Prime Minister Theresa May was spelling out the U.K.’s response Wednesday to the poisoning of a former spy…
OPEC’s Barkindo on lost $1 trillion energy investment: ”Sowing seeds for future global energy crisis”
OPEC Secretary General Mohammad Barkindo said one of the most important issues the energy industry currently faces is a lack…
Shell: LNG markets may need USD 200 bln. in investments by 2030
Shell projects that the global liquefied natural gas (LNG) markets may need up to $200 billion in investments by the…
Transgaz has won the privatization tender for Vestmoldtransgaz, the operator of the Iasi-Ungheni pipeline in Moldova
Transgaz Branch in the Republic of Moldova, Eurotransgaz SRL, won the tender for the privatization of the Vestmoldtransgaz State Enterprise,…
Black Sea gas and international expansion are the answers for the future of OMV Petrom
Over the past 12 years, the company has invested over 13 billion euros, said Mariana Gheorghe, CEO of OMV Petrom,…
Bucharest minicipality voted its annual budget, RADET gets 76 mln. lei for investment
The General Council of the Capital adopted the Bucharest City Budget Draft for 2018, which provides for expenditures of 6.2…
Romgaz expects additional expenses of up to 30 million lei with royalties in 2018
In the conference call to discuss the 2017 preliminary financial results, Romgaz officials estimated to 24-30 million lei the additional…
Hidroelectrica reopens Vidraru auction, announces profit worth 1.5 bln. lei for 2017
Hidroelectrica estimates that it has achieved a gross profit of more than one billion and a half lei last year,…
EIB Romanian financing in 2017: 1.9 bln. EUR – the highest level since 2009
The European Investment Bank Group, comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided…
Commission to introduce rules to clarify ‘green’ investment in May
Following the action plan on sustainable finance to be published early next month, the European Commission will present legislation in…
Electrica announces investments of 900 million lei in 2018 in distribution networks
Electrica Group made investments in distribution infrastructure in the total amount of 727 million lei in 2017 and plans record…
After 20 years in Romania, LUKOIL announces investments of more than 30 million dollars in Petrotel
Petrotel LUKOIL announces new investments in their refinery in Ploiesti, over 30 million dollars by 2020, for improving environmental footprint.…