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Energy & Environment
Over RON 1 bn from the privatization of Rompetrol Rafinare, Electrocentrale Bucuresti
Thursday, February 8, 2018
Energy Ministry expects to get RON 1.073 billion this year from the implementation of privatization strategies at Rompetrol Rafinare and Electrocentrale Bucuresti, according the substantiation note of the revenue and expenditure budget of the privatization activity run by the ministry, romaniajournal.ro reads. The document also reads about an amount of RON 2.5 million for to the expert who will recruit the professional managers for the state companies, but also about the fact ...
Romania wins arbitration with Chevron; company is to pay damages to Romania
Thursday, February 8, 2018
Chevron oil company will pay 73,450,000 USD to the National Agency for Mineral Resources (ANRM), following the termination of three oil concession agreements without complying with the financial obligations under the Oil Law, the Government informs in a statement released on Saturday.According to the cited source, the ruling belongs to the International Court of Arbitration of the International Chamber of Commerce in Paris (ICC Paris), the most important international commercial ...
EU bank approves largest ever energy loan, for TAP pipeline
Thursday, February 8, 2018
The European Investment Bank Tuesday (6 February) approved its largest ever single loan to an energy project: the Trans-Adriatic Pipeline (TAP), euractiv.com informs. The €1.5 billion credit will be used to transport gas from the Caspian Sea to the Mediterranean. The EIB board agreed on financing of energy and transport projects worth €6.5 billion but its long-awaited decision on the TAP pipeline was the marquee announcement of the package. A decision was actually ...
Andrei Covatariu, the first Romanian part of the FEL-100 Board
Thursday, February 8, 2018
One year after being selected as part of the Future Energy Leaders (FEL) 100 global community – a program designed and managed by World Energy Council – Andrei Covatariu was elected as a Member of the Board of the organization, energynomics.ro reports. On his 3-year mandate, Andrei Covatariu will be part of the Studies Committee, department which oversees the involvement of the FEL-100 program participants in the Council’s work program as ...
Renewables, energy storage, electric cars will likely grow strongly in 2018
Thursday, February 8, 2018
Every year, the clean energy experts at Bloomberg New Energy Finance (BNEF) predict what will happen in the sector in the year ahead, energynomics.ro reads. This year’s predictions have landed. BNEF chief editor Angus McCrone writes that the falling costs in lithium-ion batteries, solar and wind energy that 2017 saw will continue in 2018 thanks to economies of scale and technological improvements, while the global economic recovery and associated strengthening of oil and coal ...
European Commission approves grant of over EUR 27 mln for Transelectrica
Thursday, February 1, 2018
The European Commission (EC) has approved a grant of over EUR 27 million for Transelectrica in order to build the electric line of 400kV Cernavoda-Stalpu, part of the Cluster Black Sea Corridor, said Transelectrica, business-review.eu reads. This is the first of the six projects of Transelectrica, included on the revised list in November 2017, that obtains financing from the EC. The overall value of the six projects is ...
3 ideas sprang out from the UE Energy Poverty Observatory online portal
Thursday, February 1, 2018
The European Commission has officially launched on January 29 a portal dedicated to energy poverty, an online aggregator of statistical information designed to capture the multi-faceted reality of this concept, energynomics.ro informs. More than 50 million households in the European Union are struggling to attain adequate warmth, pay their utility bills on time and live in homes free of damp and mould. For increased awareness of energy poverty, ...
EC gives new warning to Romania and other 8 countries over air pollution
Thursday, February 1, 2018
The European Commission on Tuesday gave new warning to Romania, and other eight member states (the Czech Republic, Germany, Spain, France, Italy, Slovakia and UK) over air pollution issue, giving them a deadline until next week to meet the air quality standards or face legal action, romaniajournal.ro reads. The nine EU member states are accused of having failed to improve air quality despite repeated previous warnings in the past years. EU Environment ...
OMV launches Coldnews.info powered by OMV MaxxMotion
Thursday, February 1, 2018
Coldnews.info powered by OMV MaxxMotion will contain a section with advices for driving in the cold season, moderated by Bogdan Mari?ca, rally pilot and currently the Romanian champion and Napoca ...
OMV Petrom starts construction of the largest petroleum installation in western Romania, EUR 18 M investment
Thursday, February 1, 2018
OMV Petrom Romania kicked off construction works of the largest petroleum installation in western Romania, romaniajournal.ro reads. The installation based in Arad, with the investment mounting to over EUR 18 million. Arad mayor Gheorghe Falca says the EUR 18 M investment will turn Arad into a “hub” on railway, transports and logistics. “This means Arad will become a very attractive city for the industries based on fuel ...
New energy minister on Black Sea gas: we shouldn’t open up the market completely and offer all the gas to Europe
Thursday, February 1, 2018
Anton Anton, the Energy Ministry in the new government, believes that the market should not be completely open in the case of Black Sea gas, business-review.eu informs. “We definitely need to take care of it, to exploit it. I’m not an advocate for a monopoly, but I also don’t think that we should open up the market completely and offer Europe all the gas”, Anton said during his hearing in the special parliamentary ...
Romania, 10th among the EU countries with the highest share of renewables in 2016
Thursday, February 1, 2018
Romania ranks 10th among the Member States of the European Union after the share of renewable energy in gross final consumption in 2016, according to Eurostat, the statistical office of the European Union, data. With more than half (53.8 percent) of its energy coming from renewable sources in its gross final consumption of energy, Sweden had by far the highest share in 2016, ahead of Finland (38.7 percent), Latvia (37.2 percent), Austria (33.5 percent) ...
Daniel Zamfir (PNL): Half of those exploiting mineral resources have never paid royalties
Thursday, February 1, 2018
Liberal senator Daniel Zamfir (National Liberal Party, the opposition - ed.n.) stated on Thursday in a press conference held in central Brasov that half of those who exploit mineral resources have never paid royalties to the Romanian state, requesting in this respect the acting premier, Mihai Fifor, to urgently release the order of the National Agency for Mineral Resources (ANRM) President which forces the update of the natural gas prices. According to the parliamentarian, ...
Commission refers Romania to Court for failing to fully comply with the Oil Stocks Directive
Thursday, February 1, 2018
The European Commission has decided to refer Romania to the Court of Justice of the EU for not having correctly implemented and applied the Oil Stocks Directive (Council Directive 2009/119/EU). According to the Oil Stocks Directive, Member States must ensure maintenance and availability of minimum stocks of crude oil and/or petroleum products in order to ensure security of supply of petroleum resources to the ...
EC refers Malta and Romania to the Court of Justice for not implementing EU rules on the deployment of alternative fuels infrastructure
Thursday, February 1, 2018
The European Commission decided on last Thursday to refer Malta and Romania to the Court of Justice of the EU for failing to notify their national policy frameworks under Directive 2014/94/EU on the deployment of alternative fuels infrastructure, romaniajournal.ro reports. The national policy frameworks are the main instrument to ensure the coordinated build-up of sufficient alternative fuels infrastructure, including recharging points for electric vehicles and refuelling ...
Vast Resources attracts over USD 9.5 million for investment in Romania
Thursday, February 1, 2018
The British company Vast Resources ends first month of 2018 with the agreement of a USD 9.5 million financing with Mercuria Energy Trading SA, business-review.eu informs. The new partner is the Mercuria Energy Trading Group, one of the largest integrated energy and trading companies worldwide, and the obtained funds will be invested by Vast Resources in the construction of the metallurgical complex near the Manaila mine, Suceava County and in restarting the mining ...
Cupru Min SA appoints Gheorghe Chindris as interim general director
Thursday, February 1, 2018
The board of Cupru Min SA has appointed Gheorghe Chindris as interim general director, replacing Nicolae Turdean who led the company for two years and a half, business-review.eu informs. The decision is effective starting February 1. Chindris has held top management positions in Romanian mining industry for 15 years and has worked for 10 years in USA in industrial robots field. Since 2016 he is member of the Cupru Min ...
How Central Asian energy complements the Southern Gas Corridor
Thursday, January 25, 2018
Practical access to Central Asian gas, which would arrive via the twin projects of the White Stream and the Trans-Caspian Pipeline, is finally coming at just the right time to complete the Southern Gas Corridor, writes Robert M. Cutler for euractiv.com. Robert M. Cutler is a Senior Researcher at the Centre for European, Russian and Eurasian Studies, Carleton University. He is also a Fellow at the Canadian Energy Research ...
EximBank issues 23 ml dollars worth of bank guarantes for Jordan-based Hidroconstructia contract
Thursday, January 25, 2018
EximBank has issued two bank guarantee letters worth over 23 million dollars for hydro-power constructions and hydro-engineering company Hidroconstructia, one of the largest Romanian private equity companies, allowing it to run a 115.5 million US dollar contract in Jordan, the bank said in a release.The two letters of guarantee - Advance Payment and Performance Guarantee, respectively - worth 11.53 million dollars each, are intended for the contract ...
SOCAR expands filling stations’ network in Romania
Thursday, January 25, 2018
Azerbaijan’s state oil company SOCAR has increased the number of its filling stations up to 39 in Romania, the Romanian media outlets reported Jan. 22, en.trend.az reports. Reportedly, SOCAR has put into operation the second filling station under its own brand in the city of Bra?ov, which is one of the main tourism centers in Romania. Currently, SOCAR filling stations operate in 18 regions of ...