05.14.2014

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) Wednesday said it has swung to a first quarter net profit, helped by a 15.8% increase in sales. more

05.13.2014

KazMunayGas International (the former Rompetrol), Romania's second largest oil group, says the fuel price hike has had a relatively low impact on its sales, with demand in its filling stations sliding more

05.08.2014

Petrom, Romania’s only oil and gas producer, is set to step up exploration activities on the medium and long term after the company has focused, since privatization, on deposits already under more

04.25.2014

Agribusiness company Biochem, controlled by Chimisliu family, acquired a 44,000-ton grain storage capacity in Dragalina, Calarasi county, from Piraeus Bank. The capacity had come to be owned by the more

04.24.2014

Romania's minister-delegate for energy Razvan Nicolescu said Thursday a decision on new royalties for oil and gas should be made after the presidential election at the end of this year. more

04.07.2014

Romgaz Medias (SNG.RO), the largest natural gas producer in Romania, is in talks with a US company to sell 50% of its stake in two oil blocks in Poland. more

03.11.2014

Confind company of Campina (Prahova), a producer of oil industry equipment and installations controlled by businessman Ioan Simion, acquired 240 hectares of farmland and wants to continue purchases to more

03.05.2014

Vegetable oil producer Expur, the domestic subsidiary of Sofiproteol, France’s largest agribusiness group, reached EUR254 million in revenue in 2013, up 14% from 2012. more

02.19.2014

One in four liters of gas or diesel oil purchased in Romania comes from Petromidia refinery, the main asset controlled by Rompetrol, the group owned by Kazak state-owned company KazMunaiGas. more

02.19.2014

Since it opened the oil equipment plant of Aricestii Rahtivani, Ploiesti, in mid 2013, Lufkin group has hired another 80 people, so that the unit that makes oil pumps for 20 countries now employs 340 more

02.17.2014

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) Monday said its revenue fell 7% on the year in 2013, to 101.83 million lei (EUR23 million), from RON109.52 million a year earlier. more

01.27.2014

Shareholders of Romanian oil storage and shipment firm Oil Terminal (OIL.RO) on Monday elected engineer Dan Codescu as chairman of the board of directors. more

01.14.2014

Petrom and Romgaz, the largest hydrocarbon producers in Romania, paid royalties of some 500 million lei (EUR115 million) to the state budget in the first six months of 2013, according to data provided more

01.06.2014

The Romanian state and oil and gas producer OMV Petrom (SNP.RO) are bracing for tough negotiations in 2014 over the royalties charged for Petrom’s oil and gas, Petrom and Exxon will drill their more

12.20.2013

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) on Friday elected a new board of directors by cumulative voting, the company said in a statement. more

12.18.2013

The Romanian Government Wednesday approved the decision granting biofuel incentives to companies in the oil sector, people close to the matter told MEDIAFAX. more

12.11.2013

Schlumberger group, the world’s largest provider of technology and solutions for oil and gas companies, has reached 450 employees in Romania after opening a services center with 170 employees in May more

12.05.2013

Romania’s government is trying to persuade oil companies not to hike fuel prices after an increase in fuel excises planned for next year, and offers to delay increases of the share of biofuels that more

12.05.2013

Romania’s largest oil and gas producer OMV Petrom (SNP.RO) is looking to award a EUR64 million contract for the replacement of two natural gas processing plants. more

11.26.2013

Romania’s government has approved several oil concession agreements in the perimeters Baile Felix, Biled, and Periam, agreements between the country’s National Mineral Resources Agency (ANRM) and more

11.12.2013

Romania’s agency for mineral resources ANRM last week approved the increase by 5.44% of the oil transport fee applied by state-run oil transporter Conpet Ploiesti (COTE.RO). more

11.12.2013

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) on Tuesday announced plans to bid for one or more hydrocarbon fields the country’s mineral resources agency, or ANRM, will auction in more

11.11.2013

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) Monday said it has switched to a loss of 6.42 million lei (EUR1.44 million) in the first nine months of 2013, versus profit a year earlier, more

11.04.2013

Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO) Wednesday will start prospecting for oil and natural gas in 13 localities in Timis county, western Romania, and expects to find a more

10.25.2013

Hunt Oil Company of Romania, a unit of Texas-based oil group Hunt Oil, plans to purchase drilling services at its field in Adjud of up to 25 million (EUR5.6 million), the company said in a statement more