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Energy & Environment
'No panic' over oil reserves, says BP in the Statistical Review of world energy markets for 2006
Thursday, June 28, 2007
Speaking at a 21 June conference in Brussels, BP's Chief Economist Peter Davies presented the petroleum giant's annual Statistical Review of world energy markets for 2006. In addition to discussing major energy trends, Davies gave assurances that fears over an imminent oil shortage are misguided Every year since 1951, BP has presented a Statistical Review of World Energy, considered one of the most authoritative reports on the state of global energy markets.The main trend highlighted in this ...
Investments worth 4 billion euros needed for waste management in Romania
Thursday, June 28, 2007
Romania needs investments worth 3.8 billion euros in the waste management sector until 2016, Minister of Environment and Sustainable Development Attila Korodi said at a seminar which tackled the issue of waste management. ‘'The directive on the waste is of utmost importance for Romania, considering this sector is particularly difficult and expensive,'' said Minister Korodi, stressing that Romania received five transition periods for the waste management sector, with the longest being ...
Transelectrica and Turkey's TEIAS might resume in early July talks on undersea cable
Thursday, June 28, 2007
The management of National Company Transelectrica will invite in early July representatives of Turkish electricity transmission company TEIAS to resume talks on the building of the undersea cable interconnecting Romania and Turkey, Transelectrica director-general Stelian Gal stated this weekend. Talks about the undersea cable came in a stalemate because of the refusal of the Turkish side to provide preemption right for the second stage of the project to the company that wins the first ...
CEZ Group eying to invest in Cernavoda-based nuclear power plant's reactors 3 and 4
Thursday, June 28, 2007
CEZ Romania Group is interested to invest in reactors 3 and 4 of the Cernavoda-based nuclear power plant, said on Monday in a news conference Jan Veskrna, chairman of the managing board of CEZ group. According to the company's representatives, the group is interested to invest in Romania this year, as many as 208 million lei in all activity fields. ‘'We are interested in Cernavoda's reactors 3 and 4, but we expect Romania's energy strategy be approved and the decision of investments to this ...
Govt approves investor selection strategy for Cernavoda units 3 and 4
Thursday, June 28, 2007
The Government approved in a decision the selection strategy of investors for units 3 and 4 at Cernavoda nuclear plant and empowered Ministry of Economy and Finance to apply it.Units 3 and 4 at Cernavoda are to be constructed by attracting transparently the private capital of companies with financial means, capable to make an association with Nuclearelectrica National Company to have the objective done.The model is accepted within the European Union and is in concordance with the ...
OMV increased its shares at 18.6% of MOL and seeks merger
Thursday, June 28, 2007
Austrian group OMV announced on Monday the purchase of 8.6% of Hungarian company MOL for 1 billion euro, Forbes reports. Thus, OMV retains 18.6% of the company now, as compared to its previous 10% participation.According to Reuters, who quotes a reliable source, the Austrian group intends to take over the Hungarian company and seeks to initiate talks in this regard.As the source suggests, OMV wants to convince the Hungarian company management to accept a merger of the two companies to better ...
The Financial Times : EU urged to force energy break-up
Thursday, June 28, 2007
Eight countries have written to the European Commission urging it to stick with plans to break up large energy companies, setting the stage for a confrontation with opponents of radical reform, FT reads in one of his copies.Denmark’s energy minister, backed by the UK, Spain, the Netherlands, Belgium, Sweden, Finland and Romania, has written to Andris Piebalgs, the energy commissioner, and Neelie Kroes, the competition commissioner, in an attempt to influence proposals on energy due to be set ...
Russia and the rival routes for natural gas supply
Thursday, June 28, 2007
President Putin’s participation in the reunion of the Black Sea Economic Cooperation Organization – held last Monday in Istanbul – shows that it was not an ordinary meeting. The participants discussed the key issues of transport routes for gas and oil to the European market. Russia makes all the efforts to keep control over these routes, but some of the participants – among which Romania – wish to break the Russian monopoly.A reason for tension among the 12 participants at the Istanbul ...
Energy is merchandise, not political tool, Romanian President says at summit attended by Putin in Zagreb
Thursday, June 28, 2007
Romania does not accept the idea of energy as a tool for political pressure, Romanian President Traian Basescu said at a summit in Zagreb, Croatia last weekend, which was attended by Russian President Vladimir Putin. Basescu pleaded for a cooperation framework in energy problems, which would be regulated by the rules of free competition.On the other hand, Vladimir Putin pleaded for an increased trust between Moscow and the Balkan countries as he said this would enable common energy ...
Franchise is taking over fuel distribution
Thursday, June 21, 2007
The Franchise system entered Romania at the same time with the OMV company in 2004 (OMV purchased Petrom, Romania's biggest oil company), with all 72 OMV stations opened so far operating under franchise.This operation concept has become a business pattern taken over by other big companies. In Rompetrol, petrol stations operated in franchise are called Partner Rompetrol and their number exceeds 180. At the end of 2007 their number will reach 210, and will ensure some 30 percent of Rompetrol ...
German investment project in biogas plant in Iasi
Thursday, June 21, 2007
A German company delegation has recently paid a visit to Iasi (eastern Romania). The German businesspeople aim to invest in a biogas plant. German investors are interested to obtain biogas from green mass such as maize silo, wheat, rye, or cultivated herbs, said deputy general manager of the Department for Agriculture and Rural Development Iasi Neculai Olariu. The German company is interested to lease out plots of land or to conclude contracts with constant suppliers of raw material. The ...
New petrochemical plant to operate at Arpechim starting Q4, 2007
Thursday, June 21, 2007
Petrom intends to consolidate petrochemical operations of the Arpechim refinery in a separate legal entity - Petrochemicals Arges, that will include the pyrolysis, aromatic hydrocarbons extraction, low and high density polyethylene installations, plus a set of logistics facilities; the new capacity will start operating independently as of Q4, 2007, the company informs.'The measure is part of Petrom's modernization process and follows international state-of-the-art trends, specifically of ...
Romania, one of EU members with largest contribution to reduction of greenhouse gas emissions
Thursday, June 21, 2007
Romania, Germany, the Netherlands and Finland are the member states that have contributed the most to the reduction of greenhouse gas emissions of the European Union in 2005 . According to the report published by the European Environment Agency, Germany cut its emissions by 2.3 percent, Finland by 14.6 percent, The Netherlands by 2.9 percent and Romania by 4 percent, which accounts for an overall reduction by 0.7 percent for the Union. European Environment Commissioner Stavros Dimas called ...
Varujan Vosganian: Romania's Energy Strategy applicable as of second half of 2007, after add-ons
Thursday, June 21, 2007
Romania's Energy Strategy will have a series of add-ons, such as a list of projected energy consumption expenditures in the next years and a list of milestone measures reached under the strategy, minister of Economy and Finance Varujan Vosganian told a seminar dedicated to Romania's Energy Strategy. 'There will be several add-ons to Romania's Energy Strategy that will be further referred to the government for approval. It will have a glossary for the correct understanding of the terminology, ...
Romania may become exporter of green certificates
Thursday, June 21, 2007
Romania might become an exporter of green certificates, on condition that the country developed its production capacity of renewable energy, vice-president of the National Regulatory Authority in Energy Field (ANRE) Nicolae Opris told a conference debating the energy strategy project on last Friday.'The energy market in Romania and other 13 European states will be 100 percent open starting in July 2007. Romania is to become part of the regional market and we also expect the country's ...
No electricity or gas tariff increase in plan starting July 1
Thursday, June 21, 2007
There will be no increase in electric energy or natural gas tariffs as of July 1, following the adjustment operated by the National Energy Regulatory Authority (ANRE), Authority chairman Gergely Olosz said.. 'The increase in both electric energy and natural gas prices will be nil,' said the ANRE chairman.Olosz had recently announced that ANRE will decide on June 15 on the adjustment of the price for natural gas, after the market's complete liberalization for all captive consumers. Olosz ...
US to invest in environment structure of Romag Termo power plant
Thursday, June 21, 2007
US Government will finance in July a feasibility survey of the conformity programme on curbing gas emissions at Romag Termo power plant in Mehedinti county (south-west of Bucharest).The Americans through the technical documentation they draw up, are promoting some solutions to curb the quantities of sulphur dioxide, carbon dioxide and nitrogen dioxide and suspension powders put out as a result of burning coal in the seven furnaces of the plant, manager Adrian Dobjanski told Rompres.'We are ...
International Council on Monuments and Sites calls on PM Tariceanu to stop Rosia Montana project
Thursday, June 21, 2007
President of the International Council on Monuments and Sites (ICOMOS) Michael Petzet called on Romanian Premier Calin Popescu-Tariceanu in an open letter sent to personally get involved to hamper an imminent disaster at Rosia Montana through the unfolding of the project promoted by Gabriel Resources company. In the open letter, ICOMOS points out its opposition to the mining project of Gabriel Resources, which could irremediably harm the cultural and historical heritage of the region which ...
Petrom invests 1.5 million euros in re-arranging five parks in the country
Thursday, June 21, 2007
Petrom is going to re-arrange in the framework of the social program called 'Parks of the future', five parks in the country, the overall investment's value going to exceed 1.5 million euros.This project, to be launched in July, is the first in a series of social responsibility projects announced by the company at the beginning of 2007 and the estimated investments are in the range of ten million euros.'Parks of the future' project is aimed at redefining the park concept in the Romanian ...
Hidroelectrica halves energy exports for 2007
Thursday, June 21, 2007
Hidroelectrica electricity producer halved its energy exports for 2007 down to 2 TWh, said on Friday director general Traian Oprea.The energy producer increased the price of energy exported from 22 dollars per MWh in 2004 to 36 dollars in 2007, sources in the energy sector inform.Hidroelectrica has two export contracts with two foreign companies, ATEL and EFT. The company renegotiated the third contract with EGL, which sold back the energy to the Romanian market.Hidroelectrica has for 2007 ...