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Energy & Environment
Over 3.5 million tonnes of oil drilled in Romania in nine months
Thursday, December 14, 2006
Romania drilled 3.608 million tonnes of crude in the first nine months of this year, show figures centralised by the National Institute for Statistics.As much as 386,147 tonnes of oil was drilled in September, by 19,248 tonnes more than in August and by 35,601 tonnes less than the quantity drilled in the same period last year.The producers held stocks totalling 106,000 tonnes of oil on Sept. 30. ...
Over nine billion cubic meters of gas extracted in Romania in first nine months
Thursday, December 14, 2006
As much as 9,034 billion cu m of natural gas was extracted in Romania in the first three quarters this year, the National Statistics Institute said.The largest amount, 1.161 billion cu m, was extracted in March, the smallest amount, 902.52 million cu m, in June.The production of usable natural gas amounted January through September to 10.208 billion cu m. ...
Romania wants to host Framework Convention on protection and sustainable development of Carpathians
Thursday, December 14, 2006
The Romanian Ministry of Economy and Water Management Sulfina Barbu will present in Kiev at the first Conference of Sides to the Framework Convention on protection and sustainable development of the Carpathians, Romania's offer to host the Permanent Secretariat of the Convention in Brasov and the Unit of Coordination Carpathian Network of Protected Areas, reads a release issued by the Ministry of Environment and Water Management (MMGA). The relevant minister will express Romania's ...
Conference on "Climatic changes: Future starts today".
Thursday, December 7, 2006
In case global temperature will rise by 3 or 4 degrees Celsius in the upcoming years, the Romanian specialists would have at their disposal an interval ranging between 10-15 years to take necessary measures of avoidance of climate disasters' effects, according to the Ambassador of Great Britain to Bucharest, Robin Barnett. "Global temperature rise will lead to a rise in sea and ocean level, as well as to an intensification of extreme meteorological phenomena. At the same time, climatic ...
DESWAT System to warn population of flooding dangers in real time
Thursday, December 7, 2006
The implementation of a system of flood forecast and warning at the level of each water basin offers more time to the authorities in order to save lives and reduce the damages by almost 30 percent, stressed on Tuesday Curt Barrett, Director of DESWAT Project with the United States National Weather Service, present at the launching of the Hydrological Prediction System. DESWAT System, short of DEStructive WATers, is part of a programme initiated by the Ministry of Environment and Water ...
Fuel price may grow on Environment tax
Thursday, December 7, 2006
The 20 euro cents tax for a liter of fuel may balance the Romanian contribution to environmental funds, according to a suggestion made by the Romanian Center for Economy Policies. The fuel price growth would bring a supplementary fund of 1 billion euros for the state budget.Still, for the moment, the Environment Minister, Sulfina Barbu, says a decision is too difficult to take, because Romanians are too poor to pay this tax.“We have to emphasize the fact that any tax must be related to the ...
Prices of Romanian-produced gas to rise three times in 2007
Thursday, December 7, 2006
The prices of the Romanian-produced natural gas will rise three times during next year, from 145 dollars per 1,000 cubic meters in the first quarter of 2007 to 170 dollars per 1,000 cubic meters which is the price proposed for the last quarter of next year, says a draft governmental resolution detailing the calendar for the price rises of natural gas produced by Romania that was published on the Economy and Trade Ministry's Web site. Thus, the maximal price will stay unchanged at 145 ...
Council of Europe sets deadline for Ukraine to finish study on impact Bystroe canal will have on environment
Thursday, December 7, 2006
The meeting of the Berne Convention regarding the conservation of the wild life and of the natural habitats in Europe organized under the patronage of the Council of Europe late in November in Strasbourg set the date of March 2007 as the deadline for Ukraine to present to the relevant international bodies the study on the impact on the environment the Bystroe canal project will have, reads a release sent by the Romanian Ministry of Foreign Affairs to Rompres. Thus, Ukraine is forced to ...
Nuclearelectrica nuclear electricity producer to focus on regional market as well
Thursday, December 7, 2006
Romanian nuclear electricity producer Nuclearelectrica SA has decided to target the regional energy market after Units 3 and 4 of Cernavoda Nuclear Power Plant (eastern Romania) are built. Company's president Teodor Chirica said Romania's joining the European Union offers an opportunity to the Romanian energy. The Cernavoda plant had been planned originally for 5 CANDU-type units of 700 MW each. The plant has celebrated its 10th anniversary recently, and the results scored during ...
Distrigaz Sud to make investments worth 100 million euros in 2007
Thursday, December 7, 2006
Distrigaz Sud, a member of the Gaz de France group, is to make investments worth 100 million euros in 2007, that is to keep the same level of the investments this year, managing director of Distrigaz Sud Bernard Arnaud said on the occasion of the celebration of 100 years since the official registering of the Electric Power and Gas Company in Bucharest. "In 2007, we are to keep the same level of the investments this year, that is 100 million euros," Arnaud added. The official also ...
Analysis: Is Europe vulnerable to Gazprom ?
Thursday, December 7, 2006
Today the Russians no longer conquer Europe on their tanks but dressed in the latest fashion suits and driving the latest 4x4, or even flying their personal plane. They make legal business, as they have so much money they afford almost everything. The new Russians, tycoons in dollars and economic conglomerates close to Kremlin are the spearheads through which Russia tries to play a leading part on the global market. An example could the energy giant Gazprom who is acquiring and trying to ...
OMV shareholders – 51% on the Austrian, British and American stock exchange
Thursday, December 7, 2006
At present, the Austrian government owns 31.5% of the OMV shares, International Petroleum Investment Co. ( Abu Dhabi Emirates)- 17.64%, the rest being traded by important investors. OMV shareholders – as it is presented by the FactSet company shows that the stakeholder, besides the Austrian government is International Petroleum Investment Co, headquarters in Abu Dhabi – one of the ArabEmirates – being one of the most important players on the global energy market. International Petroleum ...
Romania asks Kazakhstan to direct energy exports on alternative routes
Thursday, December 7, 2006
Romania asked Kazakhstan to develop strategies of extension for its energy exports on routes in the Black Sea and Turkey, alternative to transport network across the Russian Federation.Mihai Razvan Ungureanu, head of Romanian diplomacy, voiced the need on Monday during his talks with his Kazakh counterpart Kassymzhomart Tokaev held at the OSCE ministerial Committee that the Astana authorities should pay more attention to the economic and strategic value of projects Nabucco and ...
EU, Kazakhstan strengthen energy links
Thursday, December 7, 2006
On the occasion of the visit to the European Commission of Kazakh President Noursoultan Nazarbaev, the EU and the Republic of Kazakhstan signed on Monday , 4 December, a Memorandum of Understanding (MoU) that establishes the basis for enhanced energy cooperation. Both parties have also initialled an Agreement for Cooperation in the Peaceful Uses of Nuclear Energy that will be signed officially at a later stage. “With these two documents, the Republic of Kazakhstan and the European Union ...
MOL Romania Co. plans for 2006 turnover worth 600 million euros
Thursday, November 30, 2006
MOL Romania Co., from the Hungarian oil group MOL, plans to reach 600 million euros in turnover this year.In the nine months to end September, the company reported 477 million euros in turnover, up 60 percent from the same period last year. MOL Romania's profit stood in 2005 at 2.5 million euros and its turnover at 420 million euros.In the opinion of CEO MOL Romania Co. Zolt Szalay, the years 2005 and 2006 have been good for oil business and next year will be one of big challenges. He ...
Transelectrica to list more 5 pc of stocks on BVB, in 2007
Thursday, November 30, 2006
Transelectrica plans to list in 2007 another five per cent of the company's capital for trading on the Bucharest Stock Exchange (BVB), in addition to the ten per cent already floated on BVB since late last August, Transelectrica officials inform. "Within a year, Transelectrica will put on the stock exchange yet another stock package of 5 percent," general director Stelian Gal, said. The 5 per cent package will be given in autumn 2007 to the people expropriated before 1989, in ...
Price of imported natural gas to decrease in 2007
Thursday, November 30, 2006
The price of imported natural gas will go down below 300 dollars per 1,000 cu m, the current price being about 310 dollars per 1,000 cu m, Marc Hirt, deputy managing director of Distrigaz Sud, told a news conference .This decrease in price will be due to the planned reduction of the price of a barrel of oil on the world market as the evolution of the price of natural gas is influenced by the price of oil. Marc Hirt said that it was not compulsory for this situation to affect the domestic ...
Romania needs 19 billion euros to finance water sector
Thursday, November 30, 2006
Romania needs 19 billion euros to have its water system meet European Union requirements, Minister of Environment and Water Management Sulfina Barbu on Thusrday told a news conference on the financing of the water system in Romania, organised by the European Investment Bank (EIB) in Bucharest. "The funds necessary in order to ensure compliance with all EU environment norms amount to 19 billion euros until 2018, when the last period of transition in the sector expires," Barbu explained. ...
GEF is to grant Romania non-reimbursable funds worth more than 17 million euros to address environment protection field
Thursday, November 30, 2006
The Global Environment Facility (GEF) is to grant Romania non-reimbursable funds amounting to 17.4 million dollars in the next four years, with this sum of money to be invested in the biodiversity conservation field and also to reduce the effects caused by the climate changes, Minister of the Environment and Water Management Sulfina Barbu says in a press release. The aforementioned minister participated in the "Resources for Environment and Communities" conference on ...
Romania working out medium-term energy security strategy
Thursday, November 30, 2006
The Foreign Affairs Ministry together with the Ministry of Economy and Trade are working on an integrated strategy for Romania's energy security in the medium run; the document will be submitted to the Government for approval in the months ahead, and then to the Supreme Council for National Defence (CSAT), Foreign Minister Mihai-Razvan Ungureanu said on last Friday. Attending the closure of the courses held by the Nicolae Titulescu School for young diplomats, Ungureanu showed ...