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Energy & Environment
The Nabucco project could have another shareholder: Negotiations with Gaz de France, Total, E.ON and RWE
Thursday, January 11, 2007
A sixth shareholder might get involved in the Nabucco project during the next three months, and the consortium building the gaspipeline signed the letters of intent with several potential clients, the Nabucco Gas Pipeline International manager Reinhard Mitschek stated for Reuters. The companies to participate in the building of the gas pipeline of 3,300 km, Botas – Turkey, OMV – Austria, MOL – Hungary, Bulgargaz – Bulgaria, Transgaz – Romania held discussions to attract another partner for ...
Writing-off debts of energy companies not to influence state budget
Thursday, January 11, 2007
The Government's decision to write-off the debts of 34 companies in the energy, transport and utilities fields will not influence the state budget or the inflation, Radio Romania Actualitati quoted economic analyst Ilie Serbanescu as saying.According to Serbanescu, future will not bring a solution to this companies' problem, though these fields will witness a more important price rise than before, giving these companies the possibility to pay their debts to the public budgets.'It is about ...
AVAS sells RAFO debt to Austrian company Petrochemical
Thursday, January 11, 2007
Representatives of Petrochemical Holding and of the National Authority for State Assets Realization (AVAS) recently signed an agreement on the takeover by the Austrian company of the debts held by AVAS in Rafo refinery based in Onesti (north-west of Bucharest), one of the largest Romanian refineries, in a deal worth 9.3 million dollars, Economistul daily reports .Thus, Rafo has no other debt to AVAS, with the Petrochemical having taken over the rights and the procedural capacity in all the ...
Over 4.2 million tonnes of petrol and 3.8 million tonnes of diesel oil are produced in first ten months of 2006
Thursday, January 11, 2007
Romania's output of petrol in the first ten months of the year 2006 amounted to 4.194 million tonnes and the one of diesel oil topped 3.877 tonnes, according to the data centralized by the National Statistics Institute. In the above-mentioned span of time 1,105 million tonnes of fuel oil were also produced.The largest quantity of petrol was produced in January, 457,573 tonnes, and of diesel oil in May, 429,748 tonnes. The largest quantity of fuel oil was produced in the first month of the ...
Rompetrol Group plans to take part in privatisation of Nafta Industrija Srbije
Thursday, January 11, 2007
The Rompetrol Group NV (TRG) submitted a letter to Serbian authorities in which it expressed its intention to participate in privatisation process of Naftna Industrija Srbije (NIS) Co., the company informs in a press release.NIS privatisation process is still in a preliminary stage, and TRG is maintaining its firm interest to go on in the following stages, as they will be established by competent authorities and by selected consultants, pointed out the document.NIS is an objective that ...
Hungary will use all legal means to stop the Rosia Montana project
Thursday, January 11, 2007
Hungary will use all legal means to stop Romania from continuing the Rosia Montana project, which is considered to be dangerous to the environment - highlighting they fear an ecologic disaster; declared Gyula Hegyi, member of the European Parliament (MEP) quoted by MTI the Hungarian press agency.Plans of Rosia Montana Gold Corporation the Romanian-Canadian company to open Europe’s largest open cast cyanide leach gold mine have provoked anxiety amongst European officials dealing with the ...
First analysis of national cogeneration potential to be ready by end-year
Thursday, January 11, 2007
The first analysis of the national cogeneration potential will be ready by year-end, and progress will be reported each four years, by following the production quota of high efficiency cogeneration.According to a governmental draft, under public debate, the reports are in line with the European Commission’s requirements.Taking into account the opportunities to cut the global energy demand and the favourable impact on environment, the support schemes for cogeneration must be based on the ...
How Russia was 'forced' into oil shutdown
Thursday, January 11, 2007
Russia has said the decision to stop pumping oil through a key pipeline to Europe was forced upon it by events outside of its control. The comments came as officials from Belarus and Russia began talks aimed at resolving an escalating energy dispute. Russia has been condemned by the European Union for cutting off its oil supplies without consultation. German chancellor Angela Merkel dubbed the move "unacceptable" and one that "destroyed trust" in Russia. Ms Merkel also said the current ...
EU plans 'industrial revolution'
Thursday, January 11, 2007
The European Commission has urged its members to sign up to an unprecedented common energy policy, unveiling a plan to diversify the bloc's energy sources. Commission chief Jose Manuel Barroso said it was time for a "post-industrial revolution" which would see Europe slash greenhouse gases by 20% by 2020. But political as well as environmental concerns should spur change, he noted. EU vulnerability as an oil importer was thrown into sharp relief this week when Russia's row with Belarus hit ...
Patriciu: The prolongation of the Russian oil crisis might lead to fuel price increase in Romania
Thursday, January 11, 2007
The prolongation of the crisis started by the closing down of the Druzhba pipeline, less than two weeks ago, might raise fuel price on the international market with effects on Romania, the chair of Rompetrol Dinu Patriciu stated on Tuesday for NewsIn. “The Druzhba pipeline transports 1.5 million barrelsday, namely almost 1.7% of the world oil production” Dinu Patriciu explained. The closing down of the pipeline does not affect Romania directly, but only indirectly by the significant increase ...
Belarus cancelled the taxes imposed for Russian oil transit
Thursday, January 11, 2007
The Russian president Vladimir Putin and his Belarus counterpart Aleksandr Lukasenko reached an agreement in the crisis regarding the Russian oil transit to Europe. The officials in Minsk stated on Wednesday, that Belarus renounced the transit taxes applied for the transport of Russian oil, facilitating the resumption of oil supply to Western Europe through the Druzhba pipeline.Russian required Belarus to give back 80,000 tons of oil which they considered stolen during the crisis regarding ...
Bulgaria shuts two nuclear reactors
Thursday, January 4, 2007
Bulgaria has paid the EU accession price by shutting down two reactors at the Kozloduy nuclear plant, a condition imposed by the Brussels officials for security reasons. Bulgaria will thus have to cease its electricity exports towards the Balkans.Two hours before officially joining the EU on January 1st, 2007, Bulgaria shut for good, although not too happy about it, the third and fourth reactors in the Kozloduy nuclear plant, each with a 440 MW power.The added production capacity of the two ...
Romania should increase Russian gas imports, says Vosganian
Thursday, January 4, 2007
Minister of Economy and Trade Liberal Varujan Vosganian said Romania should develop its relationship with the Russian giant in view of increasing gas imports. Further, the Minister expresses no concerns with the Russians' influence in the Romanian energy market, claiming that Gazprom does not hold such an important position in the local market as to threaten the country's energy independence. "I believe we should not fear, but only be careful and make sure than no one claims too large ...
E.ON Gaz Romania to rehabilitate 350 km of network in 2007
Thursday, January 4, 2007
E.ON Gaz Romania will rehabilitate about 350 km of methane supplying network, general manager Achim Saul said. The Company plans to invest twice more in the IT&C and in pipelines replacement and rehabilitation, in 2007, E.ON Gaz Romania officials announced. In 2006, E.ON Gaz Romania rehabilitated 420 km of network in the 20 counties where it supplies methane to, and it had over 200,000 meters replaced, Company's head stressed.Likewise, E.ON Gaz Romania increased the methane stock by ...
Natural gas price droped 2.5 percent as of January 1, 2007
Thursday, January 4, 2007
The price of natural gas for the captive consumers droped 2.5 percent as of January 1 after the taxes for the domestic gas production and the import price dropped and the national currency appreciated.The taxes for the domestic production were eliminated as of January 1 and the price for gas imports drops 12 dollars per 1000 cm.The National Regulatory Authority in Natural Gas Sector informed that the excise system will be modified according to the new fiscal code.The excise for natural gas ...
Biodiesel factory in Mures Industrial Park
Thursday, January 4, 2007
The manager of Chemtec Targu Mures-based company Janos Szakacs wants to build a biodiesel factory in Mures Industrial Park.Szakacs said that all stages for the product certification have been run through, while the biodiesel from rape has been already tested in the autumn works.'The biodiesel is cheaper than diesel oil. Modifications at engines are not necessary, while the carbon dioxide and monoxide emissions are 80 percent and 50 percent reduced,' said the manager.Janos Szakacs said that ...
PM Tariceanu establishes energy advisory board
Thursday, December 21, 2006
Prime Minister Calin Popescu Tariceanu has decided that an energy advisory board be established under the authority of his Cabinet, following energy discussions at the Government House on Wednesday. According to a press release of the Government, the board will be made up of renowned energy specialists who will come up with proposals to achieve energy security and devise medium and long-term energy strategies. The board will also make suggestions for Romania's energy to policies ...
Over 50 billion kWh - electricity output produced in first ten months of year
Thursday, December 21, 2006
Romania's electricity output stood over January 1-October 31, 2006 at 50.787 billion kWh, up 6 percent (2.876 billion kWh) as against the same period one year ago, according to figures centralized by the National Statistics Institute. The biggest electricity output was produced in classic thermal power plants - 29.9 billion euros (up 14.5 percent compared to 2005 and in hydropower plants - 16.297 billion kWh (down 6.7 percent). The nuclear power plant at Cernavoda (south-eastern ...
Conpet Ploiesti posts turnover in excess of 200 million euros in first nine months
Thursday, December 21, 2006
Conpet SA Co. from Ploiesti (south) that has as main activity object oil, gasoline, liquid and condensed ethane transport through pipes and by using railway tank wagons, posted a turnover of 202,283,110 RON (approximately 57.7 million euros) in the first nine months of 2006. As well, in the mentioned period, the company reported a net profit of 24,689,000 RON, namely approx. 7 million euros. Among other economic-financial indicators communicated by Conpet there are exploitation ...
Coal and fuel oil to be taken out of state reserve as a loan to put out electricity and heating
Thursday, December 21, 2006
Romania's Government okayed 2.127 million tonnes of coal and 185,153.04 tonnes of fuel oil from the state reserve to be lent to ensure electricity and heating supply for the population in winter, when electricity and heating consumption grows above the daily and monthly average, the Ministry of Economy and Trade informs. The Government's decision solves thus the problem of the fuel stocks in the depots of electricity and heating suppliers and ensures electricity and heating supply to ...