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Energy & Environment
Dacia invested 2 million euros in Romania's biggest industrial thermal system
Thursday, July 26, 2007
Dacia Company invested 2 million euros in the biggest industrial thermal system in Romania, which allowed it to cut the fuel consumption by 17 percent, head Dacia energy department Paul Paun said on Tuesday in Mioveni.Dacia has a monthly consumption of 4 million cubic meters of gas, Paun says. The heating system is composed by 5 cauldrons supplied by Viessmann German company, which generated a decrease in the polluting substances by 20,000 tons per year.The equipment became operational in ...
Romgaz to invest over RON 100 million in developing natural storage facilities in 2007
Thursday, July 26, 2007
Romgaz company of Medias has earmarked RON 106 million for investment in the development of natural gas storage facilities in 2007, according to data with the Ministry of Economy and Finance (MEF).The 2007-2008 Winter Energy Programme provides for the storage of approximately 3.7 billion cubic meters of natural gas (787 million cubic metres of which would be inactive stock).Romania's natural gas underground storage facilities has developed continuously over the past years. Compared with the ...
Romgaz Medias revenues on rise
Thursday, July 26, 2007
Romgaz Company based in Medias (central Romania), a natural gas producer, registered 450 million euros in revenues by end-May this year, on the rise from a year ago, when it earned 380 million euros.The Company's gross profit was worth 108.4 million euros over Jan.-May, which means 16.7 percent more than in May 2006.The results were influenced by the authorities' price policy, the price for imported methane and the consumption demand, Romgaz officials say.Romgaz earned 866 million euros in ...
Low electicity production at power plants on the Danube
Thursday, July 26, 2007
Head of Mehedinti Branch (southwestern Romania) of Hidroelectrica power plant, Theodor Pavelescu, on Wednesday told Rompres that the hydro power plants on the Danube - Iron Gates I and II - produce 9,000 and 3,000 megawatt per hour.This delicate situation for the Romanian Electricity System is caused by the low flow of the Danube, of 3,000 cubic meters per second, which does not allow the full functioning of the six upgraded hydro aggregates at Iron Gates I, with a total capacity of 1176 ...
Romania benefits of 7.6 million euros in PHARE funds for nuclear safety projects
Thursday, July 26, 2007
Romanian authorities are to benefit of funds in a total value of 8.98 million euros for projects in the nuclear safety field, according to a press release published by the Ministry of Economy and Finance on its web site.Of the total amount, 7.68 million euros are granted from community funds from the PHARE 2006 budget and the remainder of 1.3 million euros represent national co-financing from the state budget.Minister of Economy and Finance Varujan Vosganian and Charge d'Affaires of the ...
Energy imports, in high demand
Thursday, July 26, 2007
Even though Romania has so far a net exporter of electricity, this fact is changing in the present context on the local market, when the generation of hydro-energy is low due to the drought, and the nuclear one may be affected if the Danube flow does not ensure the demand for cooling water.According to the Capital magazine, in July there were days in which the energy demand was bigger than the supply by almost 1,000 MW. As such, the closing prices on the spot energy market stood at 60-70 ...
Romania, Serbia build second 400 kV inter-connection electricity line
Thursday, July 26, 2007
Transelectrica director-general Stelian Alexandru Gal and director general of JP Elektromreza - the Serbian National Electricity Transport Company - on Wednesday signed a Joint Position Paper 1 - JPP 1 on the construction of a second inter-connection electricity line between Romania and Serbia. The first 400 kV line linking the two countries was that between Portile-de-Fier (south-east of Romania, at the Danube) and Djerdap, informs Transelectrica.The signing of the joint position document ...
Minimum oil reserves set at 80,000 tonnes
Thursday, July 26, 2007
The National Administration of the State's Reserves will take the necessary measures for the setting up this year of minimum reserves of oil products, whose level is estimated at 80,000 tonnes of oil products. This figure was established according to last year's consumption of oil products. The Government on Wednesdays took a decision on the establishment and maintenance of minimum reserves of crude oil and oil products. The decision stipulates that the acquisition of the quantity of minimum ...
The fight for energy resources in Black Sea region
Thursday, July 26, 2007
The Black Sea represents one of the major stakes in the global competition for energy resources, concludes an analysis of the Russian paper Nezavisimaya Gazeta on Monday.The paper analyzes the main direct interests for the Black Sea, adding the oil and natural gas corridors. The main countries with a direct sea interest are Russia, Ukraine, Romania, Bulgaria, Turkey and Georgia.Other countries such as Moldova, Azerbaijan, Greece and others are taken into account since their ports harbor ...
RMGC’s urbanistic certificate has been suspended
Thursday, July 26, 2007
Last Friday, the Tribunal of Cluj admitted a request to suspend Urbanistic Certificate No. 78 26.04.2006 granted by the Alba County Council to Rosia Montana Gold Corporation (RMGC) to continue the Environmental Impact Assessment (EIA) procedure. The request was submitted by the Independent Centre for the Development of Environmental Resources (ICDER), who successfully proved the urgency for a suspension due to the irreversible damages that would be caused by the enforcement of this ...
Dafora shares generate three-time rises in investors' yields
Thursday, July 26, 2007
Shares in Dafora company of Medias specialising in drilling-project related services - civil engineering, transport, interventions and drill tests, assembly, drilling works and land restoration for agricultural use - have gone up in value this year, generating three-time rises in investors' yields.The return on investment rates of Dafora shares was 510 percent in 2006. With a price-earning ratio of 8.59 percent, Dafora shares are very attractive to investors, say analysts of Confident Invest ...
Proprietatea Fund increases its stake in Petrom to 20.11 percent
Thursday, July 26, 2007
The Proprietatea Fund, a Romanian fund aimed at compensating people whose properties were confiscated during the communist regime, increases its stake in Petrom, the main Romanian petroleum company, to 20.11% after Authority for State Assets Recovery - AVAS transferred a 10.22% stake, a press release remitted to the Bucharest Stock Exchange informs.Thus, AVAS transferred to the Proprietatea fund 5.79 billion shares in Petrom, amounting to 10.223% of the company’s social capital.After the ...
General designer of Nabucco project to be selected late in 2007
Thursday, July 26, 2007
General designer of Nabucco gas pipeline is to be selected by the end of the year, with several bidders already existing, sources with the Romanian Ministry of Economy and Finance (MEF) told Rompres.The general designer of the Nabucco project will be also helped by a local designer from the countries involved in the project, with the project to be completed by 2009, when the construction works are scheduled to start.The Nabucco project is supported by the European Commission, which has ...
German group RWE may join Nabucco project
Thursday, July 26, 2007
Companies involved in the construction of Nabucco project started negotiations with German energy group RWE, which has shown interest to take part in the project, Bulgarian sources told Dnevnik newspaper .The five companies involved in Nabucco are Bulgargaz (Bulgaria), OMV(Austria), MOL (Hungary), Botas (Turkey) and Transgaz (Romania).Bulgargaz representatives confirmed that negotiations had started with RWE which would contribute to the project with an equal quota as the other companies. ...
Govt approves Romania's contribution for cross border cooperation projects in environment protection
Thursday, July 12, 2007
The Government approved on Wednesday, July 4, Romania's contribution in 2007, worth of 208,000 euros, for the three cross border cooperation projects with the Republic of Moldova (160,000 euros), Serbia (7,700 euros), and Ukraine (40,000 euros).The three projects are financed by PHARE 2004 Fund and observe the principles of the European Neighborhood Policy 'Enlarged Europe - Neighborhood: new framework of relations with our Eastern and Southern neighbors'. The total funds Romanian will ...
Romania has potential for oil, natural gas and electricity delivery to Syria
Thursday, July 12, 2007
Romania has potential for the development of businesses and oil, natural gas and electricity delivery to Syria, according to a Romexpo release. From Romania, Syria imports mainly machines and equipment (27 percent), food products and livestock (19 percent), chemical and mineral products (23 percent), according to the same source. Romania ranks 13 as regards Syriua's imports. Romanian companies will participate at the 54th edition of the Damascus International Fair, due in Damascus, Syria, ...
Romanian oil resources drop 6 pct in five months
Thursday, July 12, 2007
Romania's main primary energy resources January through May 2007 totalled 16.798 million tonnes of oil equivalent (toe), down by 1.063 million toe or 6 percent from the same period a year ago, the National Institute of Statistics announced.Domestic output amounted to 9.97 million toe, marking a 3.9 percent drop on the same period of 2006, while import stood at 6.828 million toe, down 8.8 percent.The domestic coal output was 2.007 million tonnes, while Romania imported 3.022 million tonnes of ...
Romania's electricity output drops 5.5 pct in five months
Thursday, July 12, 2007
The Romanian electric power resources in the first five months of this year totalled 25.810 billion KWatthour, down 1.469 billion KWh or 5.4 percent from the same period a year ago, the National Institute of Statistics announced in a release.The dwindled electricity resources were the result of diminished output by 173 million KWh or 5.5 percent. Import of electricity went up 4.9 million KWh or 1 percent. The largest part of the electricity production keeps on being put out by thermal power ...
Romanian energy resources diminished
Thursday, July 12, 2007
Primary energy (production and import) and electricity resources decreased by 6% and 5.4% respectively in the past six months as compared to the data registered last year, Romania's National Statistics Institute reports. The trend was due to both lower production and diminished imports.The main primary energy resources (coal, oil, natural gas) amounted to 16.79 million tons of oil - a 1.06 million ton or 6% decrease as compared to the same period last year.The evolution was a direct ...
Rompetrol Refinery invests 22.6 million dollars to expand transit capacity for oil products
Thursday, July 12, 2007
Rompetrol Refinary intends to earmark by 2009 about 22.6 million dollars to expand the transit capacity for oil products of Constanta Port dock no. 9 (south-east, at the Black Sea) writes daily Bursa.According to the paper, the project will allow the mooring of maritime vessels with a capacity of 10,000 tdw and of tank barges of up to 2,000 tdw.The project supports company development plans that target for 2009 an annual refining capacity of 5 million tons of crude, as to the current 3.7 ...