29 ian 2016

Ten years ago people did not know where power comes from, now they want to generate it themselves, they want to know whether it comes from nuclear or coal-fired plants. more

29 ian 2016

Romania’s power production went up by about 1.7% to 61.6 TWh last year, the highest level since 2003, European Network Of Transmission System Operators For Electricity (ENTSO-E) data show. more

27 ian 2016

The oil price dropped to less than $30 last week, something that did not happen even when Lehman Brothers collapsed in the fall of 2008. more

25 ian 2016

OMV Petrom (SNP.RO), the only local oil and natural gas producer, intends to complete the Petrom City project in Straulesti, northern Bucharest, where it moved more than 2,500 employees in 2010, but more

20 ian 2016

Arad-based Smart Diesel, a company with 22 filling stations of its own and partnerships with 1,000 stations on nine European markets, expects its revenue to reach EUR148 million this year. In 2010, more

14 ian 2016

Tinmar Ind, a company whose revenue could reach EUR700 million from electricity, natural gas and oil product trade in 2015, says one of the main avenues for development it will pursue this year is more

14 ian 2016

Austria’s OMV group, the majority shareholder of OMV Petrom has replaced Gabriel Selischi, who was in charge of Petrom’s Upstream activity, with German executive Peter Zeilinger, before the end of more

12 ian 2016

Oscar Downstream, a company specializing in wholesale fuel distribution, has grown to 1,300 in-house fueling stations (fueling stations installed at its customers) and a network of 30 regular stations more

11 ian 2016

While the authorities are already working on export routes for the Black Sea natural gas, two in three homes in Romania use propane tanks or wood for heating and cooking. more

5 ian 2016

Hydropower producer Hidroelectrica, the most valuable state-owned company in Romania, managed to keep its gross profit above the one billion lei (EUR221 million) mark last year, despite a decline in more

24 dec 2015

The slump in the oil price from $115 in the summer of 2014 to a staggering $35 in December, the EUR1.7 billion fraud at Petrotel Lukoil, Enel’s decision to stay in Romania and the largest local more

17 dec 2015

The transfer of the majority stake in KMG International (former Rompetrol Group) by KazMunayGas to CEFC China Energy Company Limited is a good thing, says Ion Sturza, the former deputy chief executive more

8 dec 2015

Oscar Downstream, the largest local independent oil company, ended the first half with 830.4 million lei (about EUR186 million) revenue, down almost 6% on the year-ago period, and expects to end the more

4 dec 2015

Czech-held utilities group CEZ operated the highest capital increase in October, injecting about EUR130 million into CEZ Distributie, the heart of the group in Romania, which serves 1.4 million more

3 dec 2015

The EUR650 million revenue estimate for 2015 turned out to be ‘cautious’ for Tinmar Ind, Romania’s largest private energy trader. more

25 nov 2015

Romania’s production of energy resources, coal, oil and gas has been dwindling over the past ten years, yet the market has never been more independent of energy imports. more

19 nov 2015

Romanians see 4-hour power outages in the three areas covered by Enel, the same as Chileans and six times longer than the Italians in the areas where the Italian utilities group operates. Power more

12 nov 2015

Cigarettes, mineral water, soft drinks and sandwiches are among the best-selling non-oil products available in gas stations with hundreds of suppliers vying for contracts with the main gas station more

9 nov 2015

The fuel market in Romania, a EUR10 billion business dominated by four major companies, OMV Petrom, Rompetrol, Lukoil and MOL, is seeing investments completed or in progress by new names. more

4 nov 2015

Romania’s national company in charge of highways and national roads CNADNR is the top profit maker among the 150 largest companies in Romania by revenue. more

3 nov 2015

Cristian Secosan, who took the position of general manager of Romelectro, one of the largest contractors for energy projects in Romania, this fall, says he would like to concentrate a number of more

16 oct 2015

Smart Diesel, a company based in Arad and held by several little known businessmen, had 9.7 million lei (EUR2.19 million) revenue in 2010. It is now headed towards RON545 million from refueling big more

8 oct 2015

In 2004-2005 Romania went through its most important wave of privatizations in the energy sector, when it opened one of the most powerful sectors of its economy to foreign investors. more

7 oct 2015

Romania’s Energy Ministry aims to change the constitutive act of electricity distribution and supply company Electrica (EL.RO) and to increase the board members from five to seven. more

5 oct 2015

Three companies own 56% of all the gas stations in Romania, which makes this market one of the most concentrated in Europe. more