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Energy & Environment
CEZ owns 81 percent of Electrica Oltenia
Thursday, October 1, 2009
Energy group CEZ has finalized negotiations with Proprietatea Fund for the acquisition of the 30-percent stake in Romanian companies CEZ Distribution and CEZ Sales in exchange for 229.6 million euros, according to a release of the company. Negotiations have started late in June 2009, when CEZ group made use of its right and bought the remainder of shares in Proprietatea Fund and in Electrica, based on the provisions of the privatization contract of 2005, when CEZ purchased a ...
Traian Basescu; Socar gets extended in EU through Romania
Thursday, October 1, 2009
President Traian Basescu announced on Monday, during a press statement held together with his Azeri counterpart Ilham Aliyev that Socar, the state oil company of the Republic of Azerbaijan, has into view the extension of its activity to the EU, through Romania.The national Azeri company Socar intends to extend its activity to the European Union, through Romania. The project can get materialized, in Socar's view, through the increase of the Romanian crude oil storing capacity in the ...
Project Nabucco, approached by PM with Azerbaijan's president
Thursday, October 1, 2009
The signing of the Declaration on the establishment of a strategic partnership between Romania and the Republic of Azerbaijan will give a new impetus to the political and economic cooperation between the two states, said PM Emil Boc on this Monday at the meeting with President of the Republic of Azerbaijan, Ilham Aliyev. At the talks between the two senior officials, the Romanian premier Emil Boc stressed the positive ties between the two countries, following a prolific high-level ...
OMV CEO says 2010 production target hard
Thursday, October 1, 2009
Oil and gas group OMV (OMVV.VI: Quote, Profile, Research, Stock Buzz) is sticking to its 2010 production target but it could be difficult to meet because of weakness in gas demand in Romania and OPEC quotas, its chief executive said on this Monday. Vienna-based OMV, one of the biggest energy companies in emerging Europe, hopes to produce 350,000 barrels of oil equivalent per day next year."We have also always added that this will be difficult to achieve because we are affected by the ...
Catastrophic climate change without tough targets, says report
Thursday, October 1, 2009
Global temperatures may rise by up to four degrees Celsius by the mid-2050s if current greenhouse gas emission trends continue, triggering castastrophic climate change, according to a study published Monday (28 September) as 190 countries gather in Bangkok to continue negotiations on a new post-Kyoto deal.The study, by the Hadley Centre at Britain's Met Office, echoed a UN report last week which found that climate changes were outpacing worst-case scenarios forecast in 2007 by the UN's ...
EU mulls carbon tax to curb global warming
Thursday, October 1, 2009
The European Commission is considering imposing an EU-wide tax on CO2 emissions on sectors such as transport and agriculture, which are currently not covered by the bloc's cap-and-trade scheme for carbon dioxide, EurActiv has learnt. The proposed amendment of the 2003 Energy Taxation Directive would oblige member states to levy a CO2 tax on fuels in order to cut emissions. The Commission reckons that the EU's policy framework has "changed radically" since the adoption of the existing ...
Gazprom : Turkey, Romania interested in South Stream gas project
Thursday, October 1, 2009
Turkey, Romania and some other countries are showing interest in the project to build a pipeline along the bed of the Black Sea to pump natural gas to Europe, the Gazprom CEO said on Monday. The 25 billion-euro ($36.5 billion) South Stream project is designed to annually pump 31 billion cubic meters of Central Asian and Russian gas to the Balkans and on to other European countries, bypassing Ukraine, which has frequent disputes with Russia over gas supplies and transits. The pipeline’s ...
Natural gas and electricity price not to change as of October 1
Thursday, October 1, 2009
The price of natural as and electricity will not change starting October 1, said on Tuesday president of the National Energy Regulatory Authority (ANRE), Petru Lificiu who participated in a conference on the reorganization in the energy field. 'The price of electricity and natural gas will not change as of October 1. We'll manage to maintain prices steady. Following the talks on inflation we decided the prices won't go up,' said Lificiu. The price of natural gas decreased from $4801.000 ...
Gas distribution company E.ON obtains certification of its integrated management system for quality and environment
Thursday, October 1, 2009
The gas distribution company E.ON in July obtained the integrated management system for quality and environment certificate, in compliance with ISO 9001 and ISO 14001 standards, which means the recognition of the company's international standards in the field of quality management and environment protection, reads a press release of the company.'E.ON is one of the main players on the domestic natural gas distribution market. Thus, ensuring the European standards in the natural gas ...
President Traian Basescu: The government might offer state guarantees for RAFO Onesti
Thursday, October 1, 2009
The government is currently analyzing the possibility to offer state guarantees for RAFO Onesti, a company undergoing a modernization process after it paid its dues to the state and for the maritime construction site in Mangalia, South East Romania, President Basescu declared, quoted by Romanian news agency NewsIn. The government did not plan to loan enough money to cover the needs of all economic agents during the crisis and the only thing that it can do for companies is to offer ...
Green Barometer: Environmental issues, interesting topic for most Romanians
Thursday, September 24, 2009
A half of the Romanians (53%) are declaring themselves supporters of the environmental protection, whereas other 28 say are in the category of eco-neutral, reads a Green Barometer, a survey that examines the opinion of Romanian citizens, exclusively provided to Agerpres by TERRA Millennium III foundation. According to the aforementioned source, 11 percent of respondents said they were in the category of eco-promoters of the environment, whilst 8 precent are indifferent to this ...
Petrom to change name to OMV Petrom
Thursday, September 24, 2009
On its next shareholder meeting due on September 20, Petrom (BSE: SNP) will propose to change the name of the company into OMV Petrom and the modification of the certificate of incorporation, according to a notification sent to Bucharest Stock Exchange.OMV is currently holding 51.01% equity in Petrom, the other shareholders being the Ministry of Economy with 20.63% and Fondul Proprietatea with 20.11%.The 45% profit fall in H1 2009 to 923 mln lei was weighed down by crude oil price decline ...
Romanian-Turkmen energy working group to start business
Thursday, September 24, 2009
State secretary with the Romanian Foreign Ministry (MAE) Doru Costea has met Chairman of the Turkmenistan Parliament Akdja Nurberdyeva to discuss the need for the Romanian-Turkmen joint working group on energy to start business, as the composition of the Romanian party is already set. At their meeting, the two officials highlighted new opportunities for cooperation in fields such as agriculture, infrastructure, industrial engineering, civil engineering and tourism, MAE reports in a ...
First completely automated power plant on Alb River
Thursday, September 24, 2009
Hydro power plant on Alb River situated at Fenes, Armenis commune of Caras Severin (south-west of Bucharest) will be inaugurated on Tuesday, this being the first completely automated power plant of Romania.The River Alb hydro power plant's goal is the hydro energy capitalization of the water volume accumulated in Poiana Rusca Lake and is part of the hydro electrical complex Bistra-Poiana Marului -Ruieni-Poiana Rusca. The River Alb power plant is built in a 20-metre ...
EcoEmerge, project nearing two million euros launched in Romania
Thursday, September 24, 2009
The costs of the EcoEmerge projects, launched on Tuesday, in Bucharest, by the ministries of the Environment of Romania and Norway, amount to around two million euros and are due in April 2011, said, in an exclusive for Agerpres, Iulia Degeratu, project manager from the Romanian Ministry of the Environment.The project launched today costs 1,919,000 euros and will encompass two years. As part of it, organized will be a series of events, from conferences and seminars to trainings for ...
Aurelian Oil says Romanian well disappoints
Thursday, September 24, 2009
Aurelian Oil & Gas Plc said on Tuesday that results from its Voitinel-1 well in Romania were disappointing as its primary Badenian sand objective was non-hydrocarbon bearing, sending its shares down 29 percent. However, the company -- which has a portfolio of concessions in Poland, Slovakia, Romania and Bulgaria -- said it encountered gas shows in two intervals of Sarmatian sands above the Badenian sand. "The absence of hydrocarbons in the main objective was disappointing, but the shows in ...
U.S. Business Delegation visits NPP at Cernavoda - American businesses present capabilities to Nuclearelectrica
Thursday, September 24, 2009
According to the press release sent by US Embassy in Bucharest, a delegation of eleven American businesses with expertise in the nuclear power industry visits the Nuclear Power Plant at Cernavoda. The delegation, organized and led by the Commercial Section of the U.S. Embassy, is in Romania to introduce its capabilities to technical staff of Nuclearelectrica and Energonuclear. The group is exploring opportunities to participate in the construction of Reactors 3 and 4 at ...
Romania, re-elected vice-president of the Council of Governors of IAEA
Thursday, September 24, 2009
Romania was re-elected, on Tuesday, Sept 22, in its capacity as vice-president of the Council of Governors of the International Agency for Atomic Energy, IAEA, for the period 2009-2010, said a release of the Ministry for Foreign Affairs, MAE.The Council of Governors of IAEA met for designated the states that are going to fill the position of president and the two posts of vice-president of this body, in the session 2009-2010.According to the principle of rotation Malaesia ...
Climate summit yields no progress on CO2 targets
Thursday, September 24, 2009
Despite hopes that China would unveil targets to cut greenhouse gas emissions and break the deadlock in global climate talks, President Hu Jintao told a United Nations summit that Beijing will put a "notable" brake on the country's soaring carbon emissions. The leader of the world's biggest emitter promised that China would cut "carbon intensity," or the amount of carbon dioxide produced for each dollar of economic output, over the decade to 2020. A follow-up treaty to the Kyoto Protocol is ...
Azeri state oil company interested in partnerships in Romania
Thursday, September 24, 2009
Azeri state oil company Socar wants to supply natural gas for the Nabucco gas pipeline and may partner with Romanian companies in hydrocarbon storage and transport projects. Socar officials met yesterday (Tues) with representatives of the Economy Ministry and of several companies in the oil and gas sector, the ministry announced . The main issues discussed were gas-supply conditions for Nabucco and construction, in partnership with Romanian state gas producer Romgaz, of natural-gas storage ...