17 ian 2017

Electroalfa, a group specializing in low and medium voltage equipment and turnkey energy products, says it ended last year with 122 million lei (EUR27 million) revenue and this year’s budget is more

12 ian 2017

Hidroelectrica, the crown jewel of Romania’s energy system, posted record gross profit of 1.5 billion lei (EUR334 million) in 2016, the year it exited insolvency, according to preliminary data from more

11 ian 2017

Telecom operator RCS&RDS’ Digi Energy, a company that operates on the local energy market, has grown to about 3.6% share of the competitive market in one year, the highest rise by a newcomer ever. more

19 dec 2016

The energy sector has been a thrill to watch in 2016, peppered with complex investigations, insolvencies and exit therefrom, major deals and unusually many changes at the top of the sector more

29 nov 2016

Augustin Oancea, the man behind the Tinmar energy group, wants it to have about 3 million household customers in five years, which is one third of the local market. Italy’s Enel, for instance, has more

27 oct 2016

The tax-exclusive fuel prices in Romania were higher than the European average this summer. more

25 oct 2016

Edward van Kersbergen and Mazarine Energy, the company whose majority shareholder the Dutch businessman is, became the newest oil producer in Romania last week after taking over 19 oil and gas fields more

20 oct 2016

Petrotel Lukoil, the operator of the refinery in Ploiesti held by Russia’s Lukoil, ended the first six months of the year with almost 2.1 billion lei (EUR467 million) revenue, an increase of 8.6% on more

18 oct 2016

Oscar Downstream, the largest independent fuel vendor in Romania, which has built its business on sales of diesel to major commercial customers, believes it could end the year with up to 10% growth in more

4 oct 2016

US industrial giant GE recruited 100 software engineers in Romania in the first half so it now has 1,000 employees in the country. It plans to add 40 more by the end of 2016 and another 100 in 2017. more

29 sep 2016

Anyone looking for some scrap iron from the bankrupt Romanian Authority for Nuclear Activities (RAAN) can come bid at 2.30 p.m. on Thursday. more

20 sep 2016

Linde Gaz Romania, the local subsidiary of Germany’s Linde, world’s largest supplier of industrial gases, says that so far the 2016 business targets have been accomplished and it hopes to see its more

30 aug 2016

MOL Romania, the local subsidiary of Hungary’s MOL group, which has pursued one of the most aggressive expansion policies on the local market, says it is not among the top three fuel retailers by more

29 aug 2016

Azerbaijan’s SOCAR group and Gazprom-held Serbian NIS group were supposed to have more than 400 gas stations in Romania by now, but only have about 50 stations together, according to the latest more

25 aug 2016

The five largest publicly listed energy companies that are either state-run or in which the government still holds a significant stake had 4.39 billion lei (EUR984 million) cash in their accounts at more

23 aug 2016

The Black Sea will most likely become Romania’s busiest site by the end of the decade, as a result the gas reserves found, and Gabriel Comanescu, one of the most important local entrepreneurs, has more

20 iul 2016

ExxonMobil, which signed a deal to explore the deep water sector of the Neptun Block in the Black Sea with OMV Petrom, the only oil and gas producer in Romania in 2008, ended last year with about 321 more

19 iul 2016

Private filling station operator Smart Diesel says it will enter two new markets by yearend in addition to the 15 where its commercial customers can refill using the diesel cards issued by the more

12 iul 2016

Automobile Dacia, the largest company in Romania and also the largest local exporter, will be buying electricity from Czech-held CEZ for one year. more

5 iul 2016

Oscar Downstream, a company selling diesel oil to commercial customers, announces new development strategy and plans to expand into fuel retail, a market of 2,000 gas stations and annual sales of more

13 iun 2016

OMV Petrom, the largest retailer of gas and diesel in Romania, posted about 2.2 billion lei (EUR500 million) revenue from non-oil products and services last year. more

10 iun 2016

Once energy trading heavyweights, the ‘smart guys’ of the sector have become a shadow of the former selves, while Hidroelectrica is preparing to exit insolvency. more

8 iun 2016

Officials of the European Commission’s Directorate General for Competition and of the Competition Council in Romania on June 6 carried out unannounced inspections at the premises of Romgaz, OMV more

7 iun 2016

Cameron Romania, the largest manufacturer of oil industry equipment in the country, posted growth of 6% in 2015, with revenue reaching almost 1.3 billion lei (EUR288 million) and net profit RON332 more

3 iun 2016

The only three operational refineries left in Romania ended last year in the black and the last of them to announce results was Russian-held Petrotel Lukoil. more