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Energy & Environment
Starting 25 June, Rompetrol Refinery delivers diesel with 2% biodiesel
Thursday, June 14, 2007
Rompetrol Refinary, company member of the Rompetrol Group will deliver starting25th June on the domestic market Euro4 diesel, with a content of 2% biodiesel. According to a press release of the company, this is the second unit of the group which delivers biofuel, after the introduction, in May, in the fuel stations operated in France ( own and Dyneff) of green fuel Super Etanol E85. In this way, Rompetrol will consolidate its presence on the market of biofuel, at the Petromedia refinery, for ...
ACTMedia analysis : Nuclear energy in Romania
Thursday, June 7, 2007
The future of nuclear energy in Romania is tightly connected to the evolution at the level of the EU and depends, firstly, on its economic advantages, its capacity to provide electricity at convenient prices, thus supporting the achievement of Lisbon objectives, the objectives of the common energy policy, the degree of safety over the environment and its acceptance by the public opinion. The Reactor 2 in Cernavoda was functioning at the beginning of May and Unit 2 will come into production ...
Rompetrol Oil Company to be listed on London Stock Exchange in next two-three years
Thursday, June 7, 2007
Romanian Oil Company Rompetrol will be listed on the London Stock Exchange in the next two-three years, the group's chairman Dinu Patriciu announced on the occasion of energy debates . He added he would retain the majority stake in the company. Rompetrol chairman said he was interested in purchasing another refinery in the future, but added the refinery would not be in Romania. 'Some seven refineries are put up for sale from Serbia to Italy and we'll focus on one of them', he said.Rompetrol ...
E.ON Gaz Romania to split into two separate companies
Thursday, June 7, 2007
General manager of E.ON Gaz Romania, Achim Saul told a news conference organized in Targu Mures (central Romania) that as of July 1, 2007 the company will split into two distinctive companies. The deadline for the split-up of E.ON Gaz Romania into E.ON Gaz Romania (due to deal with the purchase and supply of natural gas) and E.ON Gaz Distributie (due to focus on distribution) is July 1, 207, and in each of them E.ON Ruhrgas holds a 51-percent stake and the Romanian state 49 percent. E.ON ...
Minimal level of oil products in stock this year set at 80,000 tonnes
Thursday, June 7, 2007
The level of the minimal safety stocks for oil products in 2007 could be set at 80,000 tonnes of Diesel oil, an amount calculated according to the consumption of oil products in 2006, according to a government decision which is under public debate. The establishment of the minimal safety reserves of oil products in 2007 will be made by the National Administration of State Reserves subordinated to the Ministry of Interior and Administration Reform and by eight companies. The quantity of ...
Deutsche Bank is in control of 16.10 pc of Dafora capital
Thursday, June 7, 2007
Deutsche Bank holds 16.10 percent of Dafora Medias capital (oil drilling and constructions) through its administration division of mutual funds, DWS Investment SA, announced a press release issued by Rasdaq.DWS Investment SA is part of Deutsche Asset Management and was set up in 1956. The company manages overall funds in excess of 256 billion euros, being one of the first ten companies of mutual funds management in the world.The oil drilling and construction company Dafora Medias, listed ...
Six years of secure operations at Cernavoda Nuclear Power Station
Thursday, June 7, 2007
Nuclear experts from Cernavoda (south-east) Nuclear Power Station (CNE) celebrated six years of secure operations of Unit 1, without any fuel rods' defects.Spokesperson of the National Nuclearelectrica Company (SNN) Mihaela Stiopol told Rompres Agency that this anniversary is especially important because in these nuclear fuel rods there are the first two barriers of a total of five meant to stop the spreading of radioactive fission products in the environment.'SN Nuclearelectrica also marked ...
Petrom approves closedown plan at Arpechim
Thursday, June 7, 2007
Petrom approved the temporary closedown plan for Arpechim refinery and estimates that the modernization works will be ready by end of July so that the refinery may resume operations, Petrom informs in a release.The plan approved by a commission of officials of the Arges Emergency Inspectorate, the Regional Agency for Environment Protection Pitesti and the Agency for Environment Protection Arges, will observe the safety standards in this activity.The temporary closedown is a complex process, ...
Romanian oil companies spend 44m euros on image
Thursday, June 7, 2007
Oil companies operating on the domestic market last year spent 10 times more than Slovakian companies on their corporate image and almost six times more than Hungarian ones. Petrom, the biggest Romanian company, Rompetrol, the oil group run by businessman Dinu Patriciu, OMV, the Austrian group including Petrom in its portfolio, and MOL Romania, the domestic arm of Hungary's MOL oil group, last year took around 44 million euros out of their pockets (calculated at rate card) to bolster their ...
Petrom takes over LPG division of Shell
Thursday, June 7, 2007
Petrom Co., the biggest oil company in Romania (with OMV holding 51 percent of its shares), took over late last week the liquefied petroleum gas (LPG) division of Shell Romania Co., including Shell Gas Romania and Trans Gas Services.Petrom thus become the biggest operator in the local LPG market, daily Gandul writes on Monday.'Petrom Co. has used its preemption rights stipulated in joint-venture agreements. The transaction is in line with Shell's strategy concerning a profitable upstream and ...
Romanian industry needs 4.5 bln euros in environmental investments by 2015 - environment minister
Thursday, June 7, 2007
The Romanian industry needs 4.5 billion euros worth of investments so as to solve the environmental problems, by 2015, Environment and Sustainable Development Minister Attila Korodi said on Tuesday at the launch of the Exhibition for Environment Technologies Romenvirotec.'The Romanian industry's retooling has begun and, if we are forced to stop the activity of those who do not observe the environment protection requirements, we'll certainly do so', Korodi said.He said the 75 firms displaying ...
German RWE eyes energy sector
Thursday, June 7, 2007
Germany’s power group RWE is interested in acquiring two electricity utilities in Romania, but will not pay an over-assessed price for any of the companies the Romanian State intends to privatise.“We will take part in the privatisation of all three electricity utilities, and we want at least two of them, if the price is reasonable. Our talks with AVAS and with the Ministry of Economy indicated that the privatisation of branches is being planned, and we have already submitted letters of ...
Romania to promote production of clean energy
Thursday, June 7, 2007
Romania will encourage the promotion of environment technology for the production of clean energy, the Minister of Environment and Sustainable Development Attila Korodi said in Essen, Germany. Attending the informal meeting on environment ministers of EU member and candidate states, Attila Korodi had two speeches during the session on the role of ecological innovations in an industrialized society and on the ways to cope with the climatic changes and the loss of biodiversity and natural ...
Romania enters normality from viewpoint of environmental policies, Minister Korodi says
Thursday, June 7, 2007
Romanian Minister of Environment and Sustainable Development Korodi Attila believes that Romania has entered normality from the viewpoint of environmental policies, with the Romanian official referring especially to the measure taken to close down the Pitesti-based Arpechim company (southern Romania), due to the company having failed to observe the environmental legislation, and also referring to Bucharest's refusal to receive the waste from southern on her territory. During the events ...
Romania is way behind Europe in environment protection, says Traian Basescu
Thursday, June 7, 2007
President Traian Basescu admitted on Tuesday that Romania is way behind the old EU states in environment protection and use of natural resources in a rational way, thinking at the future generations.Attending the events organized by the National Environment Agency on World Environment Day, the head of state explained that Romania is behind not only because of wrong policies, but also to the population's mentality.'We need to understand that this generation is responsible to offer the future ...
Romania is ahead in Europe in energy competitiveness
Thursday, June 7, 2007
Romania is ahead in Europe in energy competitiveness, said on Tuesday in Bucharest the head of Department for European Affairs Adrian Ciocanea.'Romania has already separated the transport and energy distribution, the first remaining public and the other being privatized with various partners,' said the Romanian official in a press conference on Romania's participation to EU finance ministers meeting.Adrian Ciocanea said that Bucharest is expecting a EU directive to recognize that Romanian ...
Romania is in an anachronistic situation in energy production in Europe
Thursday, June 7, 2007
Romania is in an anachronistic situation in Europe in energy production, said on Tuesday, June 5, the Vice President of the National Committee of Energy World Council Ion Dan Gheorghiu during a seminar on energy.'European companies produce an integrated mixture of energy, hydro, thermo and nuclear, which allows them to compete on the EU market. Romania's production is targeted in only one direction,' said Gheorghiu.The National Committee will draw up a survey commissioned by the Ministry of ...
350 million euros to be used for the improvement of efficiency in the energy sector
Thursday, June 7, 2007
Six hundred and fifty million euros worth of structural funds will go to the energy sector in Romania over 2007-2013, around 350 million euros of them to be used for the improvement of efficiency in the energy sector, Director at the Ministry of Economy and Finance Cristi Georgescu told on Tuesday a seminar about the electricity sector in Romania.'The major fields of intervention as regards the European funds are the ones concerning the sustainable and efficient use of energy (350 million ...
Electricity resources drop 6.2 percent over first 4 months
Thursday, June 7, 2007
The primary energy resources dropped 6.3 percent and the electricity resources 6.2 percent over the first four months of 2007, the National Statistics Institute informs.The main resources of primary energy amounted to 13.433 million tones equivalent oil (teo) as against the similar period of the last year.The domestic production was 7.966 million teo, down 5.1 percent as against the similar period of 2006.Electricity resources dropped to 20.084 billion KWh over the period, due to a 5.8 ...
Romania needs 30 bln euros in energy
Thursday, June 7, 2007
The investments necessary for the energy sector in Romania until 2020 amount to 30 billion euros, said general director with the Ministry of Economy and Finance, Alexandru Sandulescu, during a seminar on electricity. 'The financial resources will be further ensured by the Romanian state, although the main resources will be attracted from private investors,' said Sandulescu, quoted by Rompres. He stressed that the structural funds intended for the energy sector in Romania in the period ...