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Energy & Environment
Romanian farmers urged to use less fertilisers and pesticides
Thursday, October 23, 2008
Romanian farmers should use less chemical fertilisers and pesticides, and local authorities should improve the ways of treating waste water from agriculture by developing investment projects as the content of nitrates and phosphorus is high, particularly in the areas of big urban settlements, recent monitoring reports of the Romanian Waters National Administration indicate.ANAR statistics drawn up in 2004-2007 reveal that in the case of ungrounded waters high contents of nitrates ...
Romania could benefit from Hungary's expertise in water treatment
Thursday, October 23, 2008
The national governments of Romania and Hungary on Tuesday agreed on the possibility of Romania capitalising on Hungary's expertise for water treatment plants in its capital city, reads a press release issued by the Romanian Government. To this end, the two parties intend to organise a joint Romanian-Hungarian seminar to be attended by local authorities, business operators central public authorities and other interested parties.The commissioning of a waste water treatment station ...
Romanian-Hungarian cooperation on energy-climate changes
Thursday, October 23, 2008
Romania and Hungary will cooperate with the state holding the presidency of the Council of the European Union, with other member states and the European Commission in order to find some reasonable solutions on energy-climate changes, reads a Joint Declaration on energy-climate changes signed on Tuesday in Szeged (Hungary), after a joint meeting of the Romanian and Hungarian governments.The declaration aims to convey a political message, in view of reaching a consensus necessary for ...
Gazprom wants to transport through Romania 18.7 billion cubic metres of natural gasyear
Thursday, October 23, 2008
Gazprom would like to transport through Romania 18.7 billion cubic metres of natural gas per year, for exports in the Balkans and in Turkey if the construction project of a gas pipeline in Romania becomes reality, the Gazprom officials said. The construction of a new transit pipeline in Romania will contribute to the growth of a transport system with a capacity up to 18.7 billion cubic metresyear for Russian natural gas exports in the Balkans and Turkey “ Gazprom explained. “ We have been ...
New Europe:EU turns to Kazakhstan for Nabucco gas supply
Thursday, October 23, 2008
An EU proposal calls for the 27-country bloc to hold a “high-level meeting” with the countries of the Caspian basin and transit states such as Turkey and Georgia in spring 2009 in a bid to kick-start the diversification of gas supplies. To this effect, Estonian Foreign Minister Urmas Paet told New Europe in Astana that Kazakhstan may become a supplier for the US and EU-backed Nabucco gas pipeline project. “Yes, I discussed (Nabucco) also today (October 17) in the morning when I had bilateral ...
President Basescu: Energy security in Romania is in no danger
Thursday, October 23, 2008
Romanian President Traian Basescu on Wednesday stated Romania is far from being the most threatened country in terms of energy security in the Black Sea area or even in Europe. According to the Romanian head of state, Romania covers 75 percent of its consumption of energy from its own sources, unlike many others countries which depend on the import of energy, some of them even totally depending on the import.'The development of the nuclear programme and the future exploitations of ...
Operations in Romania, Bulgaria, Ukraine and Georgia to make up 65% of Rompetrol business
Thursday, October 16, 2008
Oil group Rompetrol, owned by Kazakh state-owned oil and gas group KazMunaiGaz, plans to develop operations in Romania, which currently make up 50 percent of the group’s turnover, and expand operations in Bulgaria, Ukraine and Georgia.It also plans to acquire a fuel retailer in Spain, according to company representatives. “We have major plans for these countries, which are close to the Petromidia refinery (Ed. n. the group’s most valuable asset), and which we can supply at low costs,” said ...
Rompetrol to reorganize Albanian business, does not shut out possible sale
Thursday, October 16, 2008
The Rompetrol group, controlled by Kazakh state-owned KazMunaiGas oil and gas company, is planning to restructure its activities in Albania, which could include their sale, said chairman of the group's Board of Directors, Danyar Berlibayev cited by daily Business Standard. Rompetrol is restructuring its activities in the 13 countries where it is running business in a move that will include the sale of non-core business companies and the reorganization of any unprofitable business. ...
Fitch lowers the rating perspective for the Rompetrol Group
Thursday, October 16, 2008
The financial rating agency Finch lowered from “positive” to “ stable” the perspective of B+ rating for long-term loans of the Rompetrol Group, led by Dinu Patriciu as a result of the constant exposure to refinancing risks, the rating agency announced. The lowering of the perspective reflects the constant exposure of the group to refinancing risks, due the situation of short-term loans of the oil company. The Rompetrol group continues to have weak liquidity, with maturities of the ...
Romania spent 2.7% of GDP 2007 for environmental protection
Thursday, October 16, 2008
Expenses for the environment in Romania rose to some €3.3 million in 2007, or 2.7 percent of the country's gross domestic product (GDP), up 0.4 percent year-on-year, according to the National Institute of Statistics (INS). Expenditures include investments and current domestic spending for environmental protection, while those for acquiring environmental protection services from third parties, taxes for the environment, and other expenses, such as subsidies, considered external current ...
Romanian companies interested in biogas production
Thursday, October 16, 2008
Local companies, especially in the food industry, are increasingly interested in using waste resulting from production for the manufacturing of biogas, to be used to generate energy. Among companies that have applied this system are Ursus and Tuborg brewers, according to a representative of Enterprise Capital, Alin Giurgiu, for Business Standard.Enterprise Capital is the management company of the Romanian-American Enterprise Fund (RAEF), involved in energy operations. Other companies ...
MTI: Romania, Hungary To Connect Power Grids
Thursday, October 16, 2008
Romania and Hungary will connect their power grids this year, and a similar action regarding natural gas networks might be conducted in 2099, Hungarian government’s spokesman Bernadett Budai said Tuesday, cited by MTI. The two countries are to give the go ahead in a joint government meeting on October 21, the Hungarian official said.Romania and Hungary agreed to sign a declaration allocating EUR250 million for joint projects to be developed by ...
Head Of Romania’s Energy Watchdog Resigned
Thursday, October 16, 2008
Head of Romania’s energy watchdog ANRE Gergely Olosz quit his position Monday evening, saying he did not want to destabilize the institution’s credibility following information on his salary, as well as due to his new position as lawmaker.His resignation was sent to Prime Minister Calin Tariceanu, government sources told MEDIAFAX.Olosz decided to resign following his oath on October 8, 2008 as lawmaker within the Magyar Democratic Union, according to all legal procedures, he said Monday ...
Government to launch a plan for emergency national gas supply - MEF
Thursday, October 16, 2008
The government wants to launch the plan regarding the supply with natural gas of Romania in case of emergency, for October 2008 – March 2009, the state reserve being of 180 million cubic metres, the project published on the site of the MEF shows. According to this document, the quantity of natural gas for emergency situations, according to provisions of order nr.412008 of the chairman of the National Authority for Energy Regulation (ANRE) is of almost 3 million cubic metresday from ...
Petrom takes a credit of 375 million euros from 5 banks for investments and financing
Thursday, October 16, 2008
Petrom signed with five banks for a multi-currency loan, worth 375 million euros, with a period of maturity of three years, for the financing of the current activity and investments, according to the press release sent on Wednesday to BVB. The loan was offered by five banks present in Romania, Unicredit Bank Austria, Credit Agricole Luxembourg, Erste Group Bank, Raiffeisen Zentralbank Osterreich and Societe Generale Bank &Trust. Petrom will pay for the loan an annual interest 1.5% higher ...
The CEN operational profit will be 800 million euros, in 2012 AVAS estimates
Thursday, October 16, 2008
The estimated value of the National Energy Company (CEN) is almost 20 – 40 billion euros, and its turnover will be almost 2.5 -3 billion euros and the operational profit of 800 million euros, in 2012 a press release of AVAS shows. « This turnover will place CEN on the second place in Romania – after Petrom – and among the first 25 companies in Central and Southern-Eastern Europe. At present, this list is dominated by companies in Poland, the Czech Republic and Hungary and Romania is present ...
GE: We are interested in wind projects and electro-thermal plants
Thursday, October 16, 2008
Investments in wind energy, requiring the development of electricity distribution and transportation network, are an opportunity for GE Energy on the local market, according to the company’s CEO for Central and Eastern Europe, Russia and the Commonwealth for Independent States (CIS), Rod Christie.GE Energy is also interested in investments to modernize electro-thermal plants (CET), he added.“Romania is an important area for us, given there are huge investment opportunities in the ...
Current stage of Nabucco project discussed with ANRE experts on Wednesday
Thursday, October 16, 2008
Representatives of the Nabucco Gaspipeline International Company presented on Wednesday to the experts of the National Regulatory Authority in the Field of Energy (ANRE) the current stage of the Nabucco project, and also supported the supplementary request on the modification of the ANRE decision to make an exception from the rule in the case of the gas pipeline, submitted in July 2008, ANRE informs.In June, 2008, ANRE approved making an exception in the case of the Romanian ...
KPMG: Romania may become regional hug of natural gas
Thursday, October 16, 2008
Romania stands chances of becoming a regional hub for the trade in natural gas, once the sweeping infrastructure projects that will ensure access to the Caspian sources of hydrocarbons, such as Nabucco, will have been carried out, Peter Kiss, consultant partner within the division of energy and utilities for Central and Eastern Europe of consulting and audit company KPMG told daily Business Standard. Peter Kiss said that whether Nabucco pipeline will cross Romania, the country ...
MOL plans to enter Romanian gas trading market
Thursday, October 16, 2008
Hungarian MOL oil and gas group, one of the top four fuel distributors in Romania, is to enter the local natural gas trading market, as the local gas transportation system is due to be connected to the Hungarian one, the Business Standard reads on Monday quoting MOL Gas Manager, Benjamin Lakatos as saying, 'Once the Arad-Szeged interconnection project is completed, I am certain that not only MOL, but also other regional players, will go on the two sides. Thus, not only Hungarian companies ...