03.02.2023

State-run Oil Terminal (OIL.RO) received approval from the Energy Ministry to start negotiations with real estate developer Iulius Group on a EUR815 million urban regeneration project in Constanta. more

02.15.2023

Romanian oil storage and shipment firm Oil Terminal, controlled by the Romanian state via the Energy Ministry, posted RON11.6 million net profit in 2022, up 102% year-on-year. more

12.28.2022

Companies operating in the field of oil and gas extraction or those involved in oil product manufacturing are likely to be subjected to a new tax on 2022 and 2023 profit, in line with a draft more

12.13.2022

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) said in a stock market report on Tuesday (Dec 13) that its Board of Directors decided to extend the mandate of Viorel-Sorin more

11.14.2022

Vegetable oil producer Argus Constanta (UARG.RO) posted RON36.2 million net profit at the end of September, 12 times higher than the RON3 million of the year-ago period, the company said in its latest more

11.14.2022

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) said in a stock market report on Monday (Nov 14) that it ended the first nine months of 2022 with a net profit of RON28.7 more

08.11.2022

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) said in a stock market report on Thursday that it ended the first half of 2022 with a net profit of RON17.8 million, up almost more

07.27.2022

Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) on Wednesday said it concluded a contract with OMV Petrom (SNP.RO) for the transport of crude oil during the August 1 - 31, 2022 period, more

06.15.2022

Black Sea Oil & Gas SA (BSOG) together with its co-venture partners, Petro Ventures Resources SRL and Gas Plus Dacia on Wednesday announced that production has started from the Midia Gas Development more

05.12.2022

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) on Thursday reported a net profit of RON11.5 million for the first quarter of 2022, up 81% from the year-earlier period, in line more

03.18.2022

Rompetrol Rafinare (RRC.RO), the operator of the Petromidia Navodari and Vega Ploiesti refineries, exported $960 million worth of oil products in the region to the subsidiaries of KMG International in more

02.14.2022

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) ended 2021 with a turnover of RON212 million, up 10% on the year, and a net profit of RON5.7 million, up 55% form the same period more

02.11.2022

Timisoara-based fuel supplier Artoil posted revenue of EUR145 million in 2021, up 45% on the previous year, the company said. more

12.16.2021

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) has summoned its shareholders on December 16 to approve the contracting of a long-term investment loan worth RON98.4 million, of more

11.30.2021

The Petromidia refinery, the most important asset of Kazakhstan’s KazMunayGas in Romania, as well as assets in the hydrocarbon production area of OMV Petrom, are on the radar of Poland’s PKN more

11.12.2021

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) said Friday in its financial report that it ended the first nine months of 2021 with a net profit of RON18.93 million, up 90.5% more

10.29.2021

OMV Petrom, the largest energy company in South-Eastern Europe, reached a turnover worth RON17 billion at the end of the first three quarters of 2021, up 13% from the year-earlier period, and its net more

08.30.2021

Ardealul Carei, one of the largest vegetable oil producers controlled by local entrepreneurs, with turnover topping EUR50 million in 2020, is poised to finalise a EUR3.5 million investment project, more

07.20.2021

Ardealul Carei, one of the largest vegetable oil producers held by local entrepreneurs, posted more than RON258.8 million (EUR53.7 million) revenue in 2020, a decrease of 5% year-on-year, ZF has more

06.14.2021

Oscar Downstream, the largest entrepreneurial business in the oil product sector in Romania, saw its net profit grow 3.4 times to RON155 million, as the company managed toe expand its customer base more

05.28.2021

Lukoil Romania, the company that operates the retail business and the 320 gas stations of Russia’s Lukoil group in Romania, ended last year with RON5.9 billion (some EUR1.23 billion) revenue, a more

05.13.2021

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) ended the first quarter of 2021 with a net profit of RON6.3 million, up 57% on the year, and a turnover of RON47.8 million, more

05.07.2021

Prutul, one of the largest producers of vegetable oil in Romania, based in Galati, made almost RON16 million net profit in 2020, three times higher than in 2019, financial analysis platform more

04.26.2021

Shareholders of Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) on Monday approved the distribution of 50% of the company’s 2020 profit under the form of dividends, with a more

02.12.2021

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) on Friday reported a net profit of RON3.55 million for 2020, up 47.8% compared with 2019. more