10.15.2013

The level of oil and natural gas royalties to the state budget is not sufficient and will be renegotiated at the end of next year, said Gheorghe Dutu, president of the National Mineral Resources more

10.13.2013

Romanian businessman Gabriel Comanescu, owner of the Upetrom group, has renounced plans to focus on the production of parts for wind turbines at the Upetrom 1 Mai plant in Ploiesti, which will stick more

10.10.2013

Romania’s National Mineral Resources Agency (ANRM) says it will hold a new auction for exploration, development and drilling licenses for about 28 onshore and 8 offshore oil blocks in the Black Sea more

10.07.2013

Romania features high in the rankings of energy production in the European Union -- it is number 5 in terms of oil and gas production and boasts major growth prospects given the recent Black Sea more

10.02.2013

Producers of cigarettes, meat and sunflower oil together had total exports of around EUR460 million in the first half of this year, shows a ZF analysis based on the official statistics of the more

09.19.2013

Romanian company Oil Energy Trading, part of Tiriac Holdings, owned by businessman Ion Tiriac, says its revenues will reach EUR30 million this year. more

09.18.2013

The ten-year contract between oil and gas company OMV Petrom (SNP.RO) and the Romanian state on royalties expires in 2014 and the question is what the new royalties will be, after the renegotiation of more

09.13.2013

Grup Servicii Petroliere (GSP), the offshore drilling company of Upetrom group owned by businessman Gabriel Comanescu, won a contract to drill four wells for Greece’s Energean Oil&Gas. more

09.05.2013

The management of Romania’s oil transmission system operator Conpet Ploiesti (COTE.RO) says the priority for the next few years is to identify and capitalize on infrastructure projects that will more

08.29.2013

Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) plans to commission a feasibility survey for the construction of a pipeline that would link Romania’s southeastern city of Constanta to more

08.28.2013

Romanian fuel prices could spike in the near term following the recent increase in international oil prices amid reports of a potential U.S.-led military strike in Syria, ING Bank analysts said more

08.21.2013

The largest oil companies in Romania, Petrom, Rompetrol, Lukoil and MOL Romania, together control around 1,400 gas stations, according to data provided by the companies. more

08.12.2013

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) registered loss of 4.5 million lei (about EUR1 million) in the first half of the year, from net profit of RON0.22 million in the similar more

08.07.2013

A new addendum with classified content has been added to the concession agreement for oil exploration, development and exploitation in the Neptun block of the Black Sea, with the main explanation more

07.25.2013

Paul Pop, former commercial manager at Rompetrol Downstream, sold EUR150 million worth of gasoline and diesel oil last year through his company Rottco Consult, an independent distributor oil products. more

07.24.2013

No other European country has experienced such an extensive refinery closing process as Romania, which lost seven oil-processing facilities in 2007-2012. The last in the line of seven closures was more

07.11.2013

Romania will apply royalties for all is natural resources starting next year and will raise them to average royalty rates in the European Union, Prime Minister Victor Ponta said Thursday. more

07.10.2013

Romania’s leading oil and gas company OMV Petrom (SNP.RO) plans to commission infrastructure works of up to EUR450 million for the redevelopment of seven mature onshore oil fields, the company said more

07.03.2013

U.S. agri-food company Cargill Wednesday said it finalized the sale of its crushing, refining and bottling equipment of its plant in Podari (southern Romania) to oilseed processor Expur, part of more

06.27.2013

The management of the Constanta Shipyard, which is controlled by Romanian businessman Gheorghe Bosinceanu and still affected by the worldwide crisis in its industry, expects it to return to profit more

06.20.2013

The European Commission requested Romania Thursday to take measures to ensure full compliance with its obligations under European legislation regarding oil stocks. more

06.20.2013

The revenues of the 10 largest oil companies in Romania rose by over EUR1 billion last year to almost EUR14 billion, on a market where fuel demand fell by around 2%-3%. more

06.19.2013

Oil, car manufacturing and food retail are the industries that supply the biggest number of top-ranking companies in the Romanian economy. The top ten players had sales of EUR20 billion last year, up more

06.06.2013

Agribusiness group Bunge revealed the financial details of its acquisition of 55% in a Romania-based vegetable oil and biodiesel plant from Prio Foods in the second half of 2012. more

05.29.2013

Romania’s National Mineral Resources Agency, or ANRM, will auction in the third quarter of 2013 concessions to drill and explore 30 to 35 oil fields, an inspector with the agency said Wednesday. more