08.14.2014

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) Thursday said its sales rose 4% to 50.9 million lei (EUR11.4 million) in January-June, from RON48.9 million in the corresponding period a more

07.23.2014

Austria’s OMV, which controls Romania’s leading oil and gas company Petrom (SNP.RO), invested EUR41 million to start activities at the OMV Petrom Global Solutions service center of Romania. more

07.16.2014

Romania’s largest oil and gas company OMV Petrom (SNP.RO) Wednesday said the Marina 1 exploration well identified a new oil reservoir on the continental shelf of the Black Sea. more

07.14.2014

Romania’s second largest oil group Rompetrol plans to sell its in environmental services unit Ecomaster to Oil Depol Service, a local company that provides industrial and environmental clean-up more

06.17.2014

TIAB, a unit of the French Vinci group, is aiming for a slice of the business of EU-funded irrigation systems development, and of the upgrades of the hydrocarbon exploration and drilling systems, amid more

06.12.2014

Adrian Porumboiu, the owner of Racova, one of the largest farming groups of Romania, is in advanced talks to sell his vegetable oil plant in Vaslui County (NE Romania). more

06.02.2014

Lukoil Romania, which owns a 300 filling station network, saw revenue tumble by over 17% last year, after the Russian-held business had advanced gradually since 2009, getting beyond the level reported more

05.30.2014

Ploiesti-based Petrotel refinery, owned by Russia’s oil group Lukoil, refined 1.89 million tons of oil last year, 15% fewer than in 2012, according to the reports of the company. more

05.21.2014

Expur, a major player on Romania’s vegetal oil market, will complete, in autumn, the relocation of industrial equipment taken over from Cargill in early 2013 in the wake of the deal by which it also more

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