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Energy & Environment
Primary energy resources dwindle by 19.9 pct
Thursday, August 13, 2009
The primary energy resources have dwindled by 19.9 percent in the first half of 2009, in Romania, compared with the same interval a year before, with the electric power resources having reduced, in the same reference interval, by 11.6 percent, according to the National Institute of Statistics (INS).The main resources of primary energy totaled 16503.8 thousand tonnes of oil equivalent January through June in 2009, that is a drop by 4105.3 thousands tonnes.According to the ...
Romania can become a renewable energy leader
Thursday, August 13, 2009
Romania can become a renewable energy leader by producing out and creating combined green energy that prevents pollution, but it still fails using the incredible resources and exploiting the huge potential it avails of, said the president of the Mentor Group Consortium's subsidiary Mentor Group Energy Alon Peled. Mentor Group Energy strives for being a key player in the green energy revolution to take place in Romania, before the financial crisis hits Romania.Using its know-how and ...
Romania imports 3.505 m tpe in H1
Thursday, August 13, 2009
Romania imported 3.505 million tonnes of petroleum equivalent (tpe) January through June this year, that is less by 630,900 tpe (15.3 percent) compared with the same interval in 2008, according to data centralized by the National Institute of Statistics (INS).The domestic production of petroleum reached 2.113 million tpe in the first half of 2009, that is a 4.7 percent drop on the same interval in 2007. ...
Coal production, 2.798 mln tep in H1
Thursday, August 13, 2009
Romania's net coal production reached in the first six months 2.798 million tons oil equivalent, lower by 14.6 percent (minus 477,000 tep) from the corresponding period in 2008, according to centralized data of the National Statistics Institute.In the first half of the year Romania imported 335,000 tep net coal, 809,500 tep less compared to the same period the previous year. ...
Nine projects worth 6.5 mln euros, financed through LIFE+ programme
Thursday, August 13, 2009
A number of nine projects in total value of approx. 6.5 million euros are funded through LIFE+ European programme, meaning an average absorption rate of the European funds of 37.84 percent, the Ministry of Environment informs in a release.Projects financed through LIFE+ instrument were submitted on the three components of this programme, aimed at protection of some bird and carnivorous species, development of a steady management planning in the field of waste, application of ...
Romania Transgaz 1st Half Net Profit Up 18.5%, At RON170.1 Million
Thursday, August 13, 2009
Romanian state-owned gas pipeline operator Transgaz ( TGN.RO) Friday posted a net profit of 170.1 million lei ($58.2 million) in the first half-year, up 18.5% on the year, news agency Mediafax reported.Transgaz's total revenue reached RON629.3 million in January-June, 11.6% higher on the year, despite a decrease in the natural gas transported.The revenue growth was supported by the increase in the regulated gas transit tariffs, in the international transit tariffs, as well as by higher ...
Gas imports of Romania go down 76.7 percent in H1
Thursday, August 13, 2009
Romania imported, in the first six months this year some 496,000 tonnes equivalent oil, tep, of natural gas, by 1.63 million tep, or 76.7 percent, lower than that of the same period last year, according to data centralized by the National Statistics Institute.In the said period, the domestic production of natural gas totalled 4.437 million tep, being by 5.9 percent, or 279,500 tep, smaller than that of H1 2008. ...
Electrocentrale Deva to make investment worth 295 million euros
Thursday, August 13, 2009
Electocentrale Deva will run three investment projects worth a total of 295.57 million euros, according to data published by the Ministry of Economy.The sum of the rehabilitation project of Unit 4 is of 98.1 million euros, and the time for its implementation lasts for 34 months, starting in Q2 of the year 2009. From the total investment, 67.9 million euros are bank loans and 8.7 million euros own resources. The costs for the equipment amount to 21.5 million euros. After the ...
Petrom and ExxonMobil start joint oil exploration in Black Sea
Thursday, August 13, 2009
Petrom will start exploration in Neptun block in the Black Sea to evaluate the hydrocarbon potential, following to carry seismic assessment of the area in a venture deal with the subsidiary of the US-based ExxonMobil. ExxonMobil Exploration and Production Romania Ltd will start the seismic assessment of a 3,000 square km-area, the largest area explored in Romania through 3D seismic acquisition.The seismic acquisition works are expected to last 90 days. “Deepwater exploration is a highly ...
Romanian Nuclearelectrica Renews Another Insurance Contract For Nuclear Reactors
Thursday, August 13, 2009
Romanian state-owned nuclear energy company Nuclearelectrica, the operator of Cernavoda nuclear power plant, renewed with UK’s Nuclear Risk Insurers Limited the civil liability insurance contract for nuclear damage at reactors 1 and 2, for a premium of $672,000. Nuclear Risk Insurers was the only bidder for Nuclearelectrica’s insurance contract aiming to cover the damages produced by third parties at the two nuclear reactors, in case of a nuclear accident. Set up in 1956, the ...
Basescu: Romania not to be left outside South Stream
Thursday, August 6, 2009
President Traian Basescu stated on the public radio station that, in case South Stream will be built, Romania will not be left outside this project. 'I can say to all those banging heads against the TV studios walls alarmed that Romania will be circumvented by the energy corridors that, in case South Stream is constructed - and I repeat if South Stream will be ever constructed - Romania will not remain outside that project. We have the ability and knowledge and interests and everything it ...
Romania’s Energy Watchdog Sees Gas Consumption Down 19% In 2009
Thursday, August 6, 2009
Romania’s natural gas consumption is seen down 19% in 2009, at 12.5 billion cubic meters, from 15.5 billion cubic meters a year earlier, according to the Energy Regulatory Authority's (ANRE) forecasts. ANRE vice-president Dan Iuliu Plaveti on Thursday said the consumption cut was triggered by several factors, including the halt of Russian gas imports to Europe for three weeks in January, during which Romania used exclusively natural gas from the local production. The fall in gas ...
Investment projects exceeding 111 mln euros implemented by RAAN
Thursday, August 6, 2009
Total value of investment projects implemented by the Autonomous Company for Nuclear Activities (RAAN) is up to 111.16 million euros, according to information published by the Ministry of Economy.The investment into the upgrading of the coal station in Drobeta Turnu Severin (west) is of 6.33 million euros, of which own resources account for 1.27 million euros. The project is implemented over 2009-2010.As well, RAAN is to implement a system of Flue gas desulphuration at Romag ...
China to invest in energy field in Romania
Thursday, August 6, 2009
The representatives of the People's Republic of China showed interest in making investments in the energy field in Romania, according to a release of the Romanian Ministry of Economy.Officials from the Romanian Ministry of Economy (ME) had a series of meetings last week with a delegation of the Commission for Economic and Financial Affairs with the National Assembly of the People's Republic of China, headed by Vice-President Wen Shizhen.According to the Secretary of State with the ...
Romania coordinates negotiations over IAEA 2010-2011 Budget
Thursday, August 6, 2009
Vienna-based Romania's Permanent Mission with International Organisations, which represents Romania on the Board of Governors of the International Atomic Energy Agency (IAEA) through ambassador Cornel Feruta, the head of the mission, has been entrusted with a complex task of coordinating winning the member states' consensus over the new budget of the agency. The Permanent Mission of Romania has substantially contributed to a successful completion of an intense and long-going process of ...
KazMunayGaz Replaces 3 Managers Of Romanian Rompetrol
Thursday, August 6, 2009
Kazakhstan’s KazMunayGaz, the owner of Romania's second-largest oil group Rompetrol, replaced three managers of the oil company’s management team, namely Eric Kish, Adrian Petrus and Dan Ionescu. Thus, Dan Ionescu was replaced by Alibek Zhilbaiev as trading division manager, Ierzhan Orinbassarov will be the new head of corporate development and industrial services unit, replacing Eric Kish, while Dmitri Grigoriev was named financial director, replacing Adrian Petrus, according to a ...
Romanian Oil Co Petrom Discovers Oil, Gas In Russia
Thursday, August 6, 2009
Romanian oil company Petrom (SNP.RO) discovered gas and oil at its exploration well Lugovaya-1 in the Kamenski license in Saratov, Russia, the company said in a statement sent to the Bucharest Stock Exchange Monday.Also, the production registered in the first three layers of the exploration well totals 6,500 barrels of oil equivalent per day (boeday).The 3,800-meters Lugovaya well delivers over 2,500 bpd of crude oil, 550,000 cubic metersday of gas and 75 cubic metersday of ...
EC, Ukraine Agreement On Gas Sector Reform, Also Beneficial To Romania
Thursday, August 6, 2009
The agreement signed between European Commission and Ukraine on the reform of the Ukrainian gas sector can also be beneficial to Romanian consumers, as Ukraine is a key element of Europe’s energy safety, Monday said Vasile Puscas, head of Romania's European Affairs Department. Puscas added that Romania, as a state at the eastern border of the European Union, is interested in encouraging energy safety policies in the region, to the benefit of Romanian and European consumers. Late ...
Tarnita - Lapustesti hydroplant announces investment worth 1 billion euros
Thursday, August 6, 2009
The President of the Cluj County Council (western Romania) Alin Tise has issued a certificate of urbanism for the Tarnita-Lapustesti hydroelectic pumped-storage plant on the Somesul Cald River in Cluj County, Romania, with the document including a series of very strict measures to be taken for environment protection.Alin Tise stated that the certificate of urbanism stipulates the beneficiary will have the obligation to attenuate the impact on the environment by building green ...
Romanian Petrom 1H Net Profit At RON923M, Down 45% On Year
Thursday, August 6, 2009
Romania’s largest oil company Petrom (SNP.RO) Wednesday reported a net profit of 923 million lei (EUR1=RON4.1281) in the first half, down 45% compared with RON1.66 billion in the same period a year before. In the second quarter, Petrom's net profit was at RON417 million, 39% lower than in the same period a year ago. "The second quarter results reflect the lower oil prices and sales in commercial fuels and gas; net profit was supported by the positive hedging and FX results, with our hedging ...