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Energy & Environment
OMV Petrom to invest 90 m euros in redeveloping crude oil deposit in Oprisenesti
Thursday, May 23, 2013
OMV Petrom is going to invest approx. 90 million euros by the end of this year to redevelop the crude oil deposit in Oprisenesti (Braila County, eastern Romania), according to a release sent by the company. The redevelopment of the deposit targets the ...
EurActiv: Solar thermal chief predicts third year of recession
Thursday, May 23, 2013
Europe’s solar thermal industry is bracing itself for another cold economic year, as consolidation in the building and solar energy sectors continues to hit new energy-efficient housing ...
Gunther Oettinger: Interconnection projects between Romania and R. Moldova are of key importance to entire region
Thursday, May 23, 2013
The projects of energy interconnection between Romania and the Republic of Moldova and mainly the gas interconnector between Ungheni and Iasi are of key importance to the entire region, European Commissioner for Energy Gunther Oettinger said told a conference organised by the Romanian Energy Centre in Brussels, on ...
Creating New Electricity Markets in Europe to Meet Energy Policy Challenges
Thursday, May 16, 2013
GE (General Electric) has joined forces with the influential think-tank, E3G (Third Generation Environmentalism), to publish a report that highlights the major opportunities and challenges for power generation investment in Europe.Liberalized electricity markets have existed around the world for over two decades and have delivered many benefits to consumers. However in some regions we are now ...
Romania, Kazakh oil firm settle debt dispute
Thursday, May 16, 2013
Romania and the Kazakh oil company KazMunayGaz have settled their dispute over a 500-million-euro ($658-million) debt and pledged to invest together in energy projects, AFP reports citing the Romanian government.KazMunayGaz agreed to buy ...
Petrom to make decision to invest in re-developing another three deposits by year-end - company CEO
Thursday, May 16, 2013
Petrom is investing in re-developing two deposits located at Suplacu de Barcau and Oprisenesti respectively and it will, by year-end, make the decision to invest in another three deposits, OMV Petrom CEO Mariana Gheorghe told AGERPRES on Wednesday.'We have ranked all the onshore deposits and for the best of them, for the most promising in terms of production and resources we have enforced the so-called programme for re-developing the deposits. We ...
Lukoil to keep, develop Romanian refining activities
Thursday, May 16, 2013
Romania Lukoil will keep on and will develop its refining activities in Romania, in spite of the ‘difficult international context', said Lukoil CEO Vagit Alekperov, who spoke to Romanian President Traian Basescu at the presidential Cotroceni Palace on Wednesday.During the meeting, Alekperov informed Basescu about the activity that Lukoil is conducting in Romania and the company's future plans, the President's Office said in a release.Lukoil ...
Romania's arid land could be an important source for implementation of biomass projects
Thursday, May 16, 2013
Romania's arid land could be an excellent source for biomass projects, and our goal is that, by 2016, to implement 350 biomass installations that can create over 10,000 jobs throughout the country, said on Wednesday, in a press conference, Ilias Papageorgiadis, President of the Romanian Association of Biomass and Bio-gas / ARBIO /.'The category of unproductive land, the so-called fallow land, can be an excellent source for biomass projects across the ...
Vosganian: Romania must expand its nuclear programme even if energy consumption is low right now
Thursday, May 16, 2013
Romania must expand its nuclear programme even if right now is confronted with a drop in energy consumption and in the prices seen on OPCOM, in the context in which gas resources in the Black Sea basin are not sure to compensate for this yet, Economy Minister, Varujan Vosganian told a conference on nuclear energy.‘There are voices saying that Romania has no need to extend its nuclear programme. Indeed, the latest signals show that our economy ...
Vosganian: Main changes in new draft law on mines are about royalties and reopening of mines
Thursday, May 16, 2013
The main alterations the new draft law on mines brings are aimed at royalties and reopening of the shut-down mines, given that investors from Russia, Poland and South Africa displayed interest in them, Economy Minister Varujan Vosganian told a news conference on nuclear energy, on Wednesday.The draft law amending and completing the Law on Mines 85/2003 is one of the normative acts included on the agenda of the Government's Wednesday ...
EcoMin Vosganian: New mining legislation to allow reopening of closed quarries
Thursday, May 16, 2013
Remin Baia Mare mining corporation could not resume its business without the mining legislation being amended first; a new draft law to this end will be drawn up by the authorities that will provide for the reopening of all the closed quarries, Economy Minister Varujan Vosganian told a press conference on Thursday.'Remin could not be reopened without first amending the mining legislation. I have sent a ...
Large consumers could benefit from facilitations for energy payment, if they make consistent investments
Thursday, May 16, 2013
ArcelorMittal Galati, Alro Slatina and Feral Tulcea could benefit from facilitations in the final price paid for energy, in terms of distribution, cogeneration fee and green certificate impact on the invoices, if they make consistent investments, Economy Ministry Varujan Vosganian told a conference on nuclear energy on Wednesday.'We had meetings with ArcelorMittal, Alro, Feral, which led to the conclusion that concerning the final price of electricity ...
Electricity prices for final users could go down if OPCOM price cuts continue
Thursday, May 16, 2013
Regulated electricity prices for final users could go down if the overall development in the market entails a continuation in price drops, Romania's Economy Minister Varujan Vosganian told a conference on Wednesday on nuclear power.'I think prices should follow the overall trends of the market. I cannot see why, ...
Hidroelectrica will sell 88 small hydro power plants, starting June 2013
Thursday, May 16, 2013
Hidroelectrica has launched the first stage of the selling process of 88 small hydro power plants (CHEMP), via public tender, according to a release of the company on Tuesday.The selling process will be carried out in three stages, starting June 201, procedures following to observe the provisions of the ‘Strategy in the CHEMPs field' approved by Decision of General Assembly of Shareholders of March 13, 2013.The judicial manager of Hidroelectrica ...
National regulatory authorities confirm extension of Nabucco project exemption decisions
Thursday, May 16, 2013
The national regulatory authorities in Austria, Hungary, Romania and Bulgaria confirmed under a draft decision the extension of the current exemption of the Nabucco project from third party access regulated under European legislation, in the sense that 50 pct of the pipeline's transport capacity will be open to bids from third parties, representatives of the consortium announced on Tuesday in a release ...
Sova: No decision on Rosia Montana or shale gas to be taken without observing environmental conditions
Thursday, May 16, 2013
Minister-Delegate for Infrastructure Projects of National Interest Dan Sova gave assurances on Monday, May 13, when referring to the Rosia Montana exploitation (west) and the shale gas issue, that no economic decision would be taken without observing environmental conditions.'A Government Decision on dividing Minvest has been taken, in order to create a clean company with no debts, which will take over ...
Environment ministry: Shale gas deposit prospecting to keep clear of protected areas, inhabited towns, areas
Thursday, May 16, 2013
Prospecting activities for the shale gas will keep clear of the protected areas, will be carried out at least a kilometre from the Black Sea shore and will not be conducted in inhabited towns or areas, says a document sent by the Ministry of Environment and Climate Changes on Tuesday.'The prospecting programmes will keep clear of the protected areas and will secure at least one-kilometre distance from ...
Romania uses twice and a half more energy than European average
Thursday, May 16, 2013
Romania is the third biggest energy using economy in Europe, with twice and a half higher energy consumption, so that irrespectively of how many subsidies some industrial producers would receive, they no longer can be competitive, Fiscal Council chairman and Raiffeisen Bank Romania chief economist Ion Dumitru said on Monday.'I have a few ...
Romania, to develop joint projects in environment protection area, with R. Moldova and Norway
Thursday, May 16, 2013
Romania is going to develop, together with Norway and the Republic of Moldova, a series of joint projects in the environment protection area, in waste and chemicals management, included.This is the conclusion of the bilateral meetings that Environment and Climatic Changes Ministry (MMSC) Secretary of State Elena Dumitru had with officials ...
Wind farm on Mount Dobraia, in Sureanu Massif
Thursday, May 16, 2013
A Romanian-German company will build a wind farm which will be situated on an area of 30 ha on Mount Dobraia, in Sureanu Massif (west), at an altitude of some 2,000 meters, with the technical execution project having been finalized and submitted for receiving the environmental ...