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Energy & Environment
OMV Petrom Group posted a profit down 25pct in H1 to around 1.04 bln lei
Thursday, August 13, 2015
OMV Petrom Group posted 1.036 billion lei in net profit in the first half-year, down 25 percent from 1.387 billion lei in net profit reported over last Jan.-June, show the IFRS consolidated preliminary financial results made public on Wednesday. OMV Petrom sales totalled 8.811 billion lei by this mid-year, marking 18 percent drop from 10.719 billion lei in the first half of ...
Monsson Group to shut down 27 MW wind park in Romania
Thursday, August 13, 2015
Wind power project developer Monsson Group has decided to take down a 27 MW park in Romania as legal changes have made the project financially unfeasible, local media reported on Tuesday. Monsson Group, controlled by businessman Emanuel Muntmark, is the first investor in Romania to decide to dismantle wind turbines, financial daily Ziarul Financiar said. "Following the regulations adopted by the government over the last two ...
The end-consumption of electricity decreased by 4.9pct year-on-year
Thursday, August 13, 2015
The end-consumption of electricity decreased by 4.9pct year-on-year to 23.557 billion KWh in the first half of 2015, whilst population's consumption rose by 4.3pct, the National Institute of Statistics (INS) informed on ...
The day-ahead market traded 1.946 million megawatt hour of electric power in June
Thursday, August 13, 2015
The day-ahead market traded 1.946 million megawatt hour of electric power in June, up by 13.31 year-on-year, according to figures published by OPCOM, the power and natural gas market operator on its website on Friday. Trade amounted to 289.5 million lei, by ...
Romania, Bulgaria Seek New Builder for Giurgiu-Ruse Gas Pipeline Section
Thursday, August 13, 2015
Romania and Bulgaria are looking for new builders of the 26 kilometer Giurgiu-Ruse gas pipeline, novinite.com reports. Earlier the state owned gas companies of the two countries, Romania’s Transgaz and Bulgaria’s Bulgartransgaz, terminated the contract with the companies that were supposed to drill under the Danube River, according to reports of the Bulgarian National Radio and Romanian daily newspaper ...
Romania received 25.4 million euros as EEA and Norway Grants for environmental projects
Thursday, August 13, 2015
Romania has received so far an allocation of some 25.4 million euros as EEA and Norway Grants for environmental projects, the reduction of hazardous substances and conservation of bio-diversity respectively, according to the official data posted on the portal ...
Cluj: Renewables research center worth 2.8 mln. euro
Thursday, August 13, 2015
Local councilors recently voted to increase the capital of Cluj Innovation Park, the company created by Cluj Municipality for managing Lomb Hill business premises, according to actualdecluj.ro. Specifically, administrators still need 3.2 ha of land on the Lomb hill, for the submission of a project for European funding of a research center for renewable energy. On the Lomb hill in Cluj previously was planned Impact residential community, a project that ...
Romanian diesel, one of the most expensive in Europe
Thursday, August 13, 2015
EU weekly Oil Bulletin placed Romania on one of the top spots in a classification on the most expensive diesel in the European area, with 1.21 euro per liter. Germany, France, Austria, Belgium, all have cheaper diesel. Instead, gasoline costs 1.28 euros per liter, being one of the cheapest in Europe. The cheapest countries for drivers are the Baltics and Poland, according to economica.net. Romania has one of the cheapest gasolines in Europe, but has ...
EurActiv: Putin and Erdogan to discuss TurkStream this autumn
Thursday, August 13, 2015
Russian President Vladimir Putin will meet Turkish President Tayyip Erdogan this autumn and the two will discuss the TurkStream natural gas pipeline project, Kremlin spokesman Dmitry Peskov told reporters on Friday (31 July). Turkey's ambassador to Moscow told RIA news agency separately on Friday that talks on the pipeline that would carry Russian gas to Europe via Turkey were ongoing. That came after Turkish officials ...
Energy Ministry pays $ 47,501, Romania’s contribution to IRENA in 2015
Thursday, August 6, 2015
The Ministry of Energy pays $ 47,501 to the International Renewable Energy Agency (IRENA)as Romania’s contribution for 2015, according to a draft emergency order of the government posted on the ministry website. “The IRENA budget is established by the IRENA assembly, which according to the statute is the body which adopts in ordinary sessions, the budget and activity program of the agency and has the authority to decide on amendments to ...
RAAN owes the coal supplier almost 130 million lei
Thursday, August 6, 2015
The Autonomous department for nuclear activities (RAAN) owes the Oltenia energy unit 128,582,978 lei for the coal supplied. The trade union leader Alexandru Tanase stated recently that the present stock of coal, of approximately 20,000 tons, would ensure the operation of the branch Romag-Termon of RAAN only until 6 August. ‘We were promised 25 million lei to continue to keep the equipment safe.The allocation of the money ...
Natural gas exported from Romania in 2014 exceeded 2.451 million MWh
Thursday, August 6, 2015
The amount of natural gas exported from Romania in 2014 exceeded 2.451 million MWh, through five companies, according to a report published by the National Energy Regulatory ...
MOL Romania's fuel retail sales in H1 2015, by 13 percent higher year-on-year
Thursday, August 6, 2015
MOL Romania's fuel retail sales in H1 2015 hit 267 kilotons (kt), by 13 percent higher year-on-year, shows company data sent on Wednesday.The rise in the volume of the company's retail sales (including LPG and lubricants) was supported by the ...
Canadian company Gabriel Resources, net losses of 4.6 million dollars in Q2 2015
Thursday, August 6, 2015
Canadian company Gabriel Resources saw net losses of 4.6 million dollars in Q2 2015, or 0.01 dollars per share, MarketWatch reports. The cash ...
Electricity output reached 64.863 Twh in 2014
Thursday, August 6, 2015
Romania's 2014 electricity output reached 64.863 TWh, almost 10.5 per cent up from 2013, turning Romania into a net energy exporter, with a negative import to export balance of minus 7.123 TWh, according to a recent report of the National Energy Regulatory Authority ...
Romania's Petrotel Lukoil Refinery Indicted for Money Laundering
Thursday, August 6, 2015
Prosecutors with the Ploiesti Court of Appeals have decided on Monday to prosecute the Petrotel Lukoil Compay of Ploiesti and the Lukoil Europe Holdings of Netherlands for money laundering, use of the company's money in bad faith and complicity in money ...
Additional Protocol between Romania and Canada concerning the peaceful uses of nuclear energy
Thursday, August 6, 2015
State Secretary for Strategic Affairs with Romania's Foreign Ministry (MAE) Daniel Ionita and Canada's ambassador to Romania Joanne Lemay on Friday signed an additional protocol to an October 24, 1977 agreement between Romania and Canada concerning the peaceful uses of nuclear energy, signed in ...
Romania to sell 26.29 per cent stake it holds in Rompetrol Rafinare SA Constanta
Thursday, July 30, 2015
The Romanian state will hold an outcry auction to sell 26.29 per cent stake it holds in Rompetrol Rafinare SA Constanta (RRC), for at least 200 million US dollars, according to the Privatization Strategy of Rompetrol Rafinare adopted by the Government on ...
Minister Gerea: Reduction of the black holes found at the energy complexes, a priority objective
Thursday, July 30, 2015
The reduction of the black holes found at the energy complexes, generated not only by the bad management, but also by the dubious contracts sealed in the detriment of the state companies is a priority objective, Energy Minister Andrei Gerea said on Thursday said in Targu ...
OMV Petrom to open mobile petrol stations on A1 and A2 motorways
Thursday, July 30, 2015
Oil company OMV Petrom has finalized the concept of mobile petrol stations, which will be for the first time applied to 10 fuelling stations to be opened on A1 and A2 motorways, after the company won an auction organized by the National Company of the Romanian Motorways and Highways, the company said in a ...