RSS
Energy & Environment
Incineration of waste might ensure energy for entire public lighting system in Bucharest
Thursday, November 16, 2006
The waste might be for the Romanians too an important money resource if one takes into account the fact that only by burning the garbage from Bucharest in modern incinerators, approximately 40 MW might be obtained; this represents the energy required for Bucharest's public lighting system, and also for the functioning of the underground railway lines of the Metro Bucharest and for the public urban transport, general commissioner of the National Environment Guard Silvian Ionescu told Rompres. ...
Conpet boasts 35 percent profit surge
Thursday, November 16, 2006
The state-owned crude oil transporter, Conpet Ploiesti, reported nine-month net profit worth 6.97m euros (24.6 million RON), up 35.6 percent against the same period of last year, shows a quarterly report on the stock exchange, daily Ziarul Financiar reports . The company's turnover amounted to 61.2 million euros (216.6 million RON) over the first nine months, rising by 10.6 percent against the same period in 2005. The surge in profit has been mainly caused by a jump in growth of ...
Investors interested in wind energy projects in Dobrogea
Thursday, November 16, 2006
An ever-increasing number of investors are interested in the implementation of some projects in the wind energy field in Dobrogea (south-eastern Romania), especially in Constanta and Tulcea counties, that have a huge potential of collecting this kind of energy, stated Constanta County's Prefect Danut Culetu. Local administration representative stressed he has discussed with mayors in several localities who showed extreme interest in these works, Romania libera daily reads on Friday. This ...
Financial support worth 12 million euros for improving capacities of environmental protection agencies
Thursday, November 16, 2006
The most complex European twinning programme worth 12 million euros will improve the capacities of environment protection agencies with regard to the implementation of the acquis communautaire, Romanian Ministry for Environment and Water Management (MMGA) informs. MMGA hosted last week the second biannual meeting of the Coordination Committees for twinning projects developed at the level of the regional agencies and of National Agency for Environmental Protection. The nine ...
Nato fears Russian plans for ‘gas Opec’
Thursday, November 16, 2006
According to Financial Times news paper, Nato advisers have warned the military alliance that it needs to guard against any attempt by Russia to set up an “Opec for gas” that would strengthen Moscow’s leverage over Europe.A confidential study by Nato economics experts, sent to the ambassadors of its 26 member states last week, warned that Russia may be seeking to build a gas cartel including Algeria, Qatar, Libya, the countries of Central Asia and perhaps Iran.The study, by Nato’s economics ...
President Basescu suggests EU should reduce dependence on Russian natural gas
Thursday, November 16, 2006
The European Union should overcome dependence on the Russian natural gas in order to avoid the risk of seeing the Gazprom giant turning into an instrument for political pressure in the relations of Russia with member states of the European Union, AFP news agency quotes Romanian President Traian Basescu as saying at a meeting with foreign journalists on Saturday in Sinaia . "Finding an alterative to Russian gas should be the EU top priority," said Basescu, mentioning that the EU is ...
Romanian-Hungarian agreement to support Arad-Szeged interconnection project
Thursday, November 16, 2006
Economy and Trade Minister Ioan Codrut Seres and Hungarian Minister of Economy and Transport Janos Koka in Budapest signed the declaration supporting Arad-Szeged interconnection project, reads a release . The two officials reconfirmed the interest in participating in the project's new stage of development, emphasizing its importance in ensuring the two countries' energy security and in developing the bilateral economic cooperation. The Arad-Szeged interconnection pipeline, ...
Shell posts 18 percent profit rise to 3.5 m euros
Thursday, November 16, 2006
Shell Gas Romania, the local branch of Anglo-Dutch petroleum giant Shell, managed to increase its profitability and turnover, in spite of the decline in the petroleum price, daily Ziarul Financiar reports on Wednesday. "The company's nine-month turnover amounts to 46 million euros, 2 percent higher than in the same period of 2005. The company reported a net profit worth 3.5 million euros over the period considered, an increase of 18 percent against the same period of last year," daily ...
Cancellation of long-term contracts for energy units has started
Thursday, November 16, 2006
The energy unit Turceni will cancel one of the selling contracts for electrical energy to a private buyer, as the contract provisions included the negotiation of the selling price for 2007 to take place by 30 October and after two rounds of negotiatios no consensus was reached. Thus, the contract will stop starting December 2006, the ministry of economy and trade informs. Other three contracts for the sale of electrical energy to private buyers will be renegotiatied during the ...
The President required to slow down privatisation in the domain of energy
Thursday, November 16, 2006
President Traian Basescu stated on Otopeni Airport, when leaving on an official visit to Libia that he had required the minister of economy to slow down privatisations in the domain of energy. The announcement takes place less than a week after price increase. The domestic consumption of natural gas in Romania is covered from three sources: the main supplier is Petrom, company bought in 2004 by the Austrian company OMV; the second domestic producer is Romgaz and the rest of the quota is ...
CSAT meeting to focus on energy
Thursday, November 16, 2006
Romanian President Traian Basescu called a meeting of the Romanian Supreme Defence Council (CSAT) on November 22 to discuss energy-related issues.Thus, the CSAT meeting's agenda is to include the presentation of the privatisation contracts of Oil Company Petrom and the energy distributors to include also the consultancy studies. The members of the Council are to analyse the effects of the privatization process on the energy safety and also on the national economy.Also, there are to be ...
Price on natural gas increases by over eight percent
Thursday, November 16, 2006
The price on the natural gas supplied to captive consumers increased by 8.1-8.5 percent starting on Saturday, November 11.The above-mentioned step was taken in late October during a consultative council of the National Natural Gas Regulatory Authority (ANRGN), which decided to adjust the price of the domestic output from 330 lei1,000 cu m, a level recommended by ANRGN for the fourth quarter, to 397.5 lei1,000 cu m (1 euro trades at 3.5 lei). For the two big distributors the price on ...
The Ministry of Environment and Waters Management concerned about the Silistra refinery project
Thursday, November 16, 2006
The Ministry of Environment and Waters Management will send, during this week, to the Ministry of Environment and Waters in Bulgaria questions and observations regarding the report to the evaluation study of the environment impart for the project of a refinery in Silistra – Bulgaria, presented during a public debate organised in Calarasi on 09.11.2006. The Romanian party’s concern referred to the manner in which water supply for Calarasi and Slobozia might be affected in case of accidents; ...
Romania ranked among Europe's first five nuclear powers
Thursday, November 16, 2006
Romania is ranked among Europe's first five nuclear powers, Director General of the Nuclear Physics and Engineering Institute (IFIN) Nicolae Zamfir said on Wednesday."Romania is among Europe's first five countries in terms of nuclear potentials, scientific efforts and possibilities and Romanian nuclear physicists are well seen in the world," said Zamfir. He added that Romania is the most advanced country in Central and Eastern Europe in the nuclear field.Zamfir also said that 100 researchers ...
Five companies qualifies for contractor bidding of "Pollution reduction project at Turceni power plant"
Thursday, November 9, 2006
Five companies qualified in the preliminary competition for the selection of a general contractor for the "Pollution reduction project at Turceni power plant", according to a press release issued by the Ministry of Economy and Trade (MEC). They are Alistom Power Italia & Marubeni Corporation, Austrian Energy & Environment AG, Hitach Ltd. & Itochu Corporation, Kawasaki Plant Sistems Ltd. & Sumitomo Corporation and Mitsui & Co. Ltd. & Mitsubishi Heavy Industries. Next stage in the selection ...
Petroleum product branding, a new trend
Thursday, November 9, 2006
Most of the petroleum companies operating on the domestic market have "eyed" a new strategy to increase their fuel sales: branding the products sold in their own filling stations, Ziarul Financiar informs .Instead of descriptive names for a certain product, the players on the petroleum market currently prefer a single name to personalise the respective type of fuel in the series put on the market. Once this decision has been made, large budgets are being invested in product promotion that, ...
Romanian authorities require additional information on Rosia Montana gold mining project
Thursday, November 9, 2006
The Romanian National Agency for Environmental Protection has asked the Rosia Montana Gold Corporation (RMGC) to present additional documents and information on the clearing of 225 hectares of forest meant at implementing a gold mining project at Rosia Montana (western Romania), the RMGC said in a release. The Gold Corporation filed a request to get the environmental agreement for the final clearing of 225 hectares of forest on Oct. 2. The RMGC mining company plans to exploit the ...
Energy trading market to diversify
Thursday, November 9, 2006
Until the end of 2010, Romania plans to reach an energy weight coming from regenerating sources in the overall energy primarily sources of 11 percent, to this end introducing mandatory quotas for the acquisition, as well as the green certificates that can be sold and bought on the energy trading market. The system of mandatory quotas is focused on the acquisition by the electricity providers of energy coming from regenerating sources and its sales toward consumers. On the other ...
EU's energy future takes centre stage
Thursday, November 9, 2006
On the day of the UK's publication of the Stern report on the costs of climate change (more on EurActiv later today), two important energy meetings underlined again how the issue of energy security has catapulted itself onto the Commission's political agenda.In Moscow, Energy Commissioner Andris Piebalgs participated in the Energy Dialogue Conference between the EU and the Russian Federation, while in Brussels Vice-President Verheugen and Environment Commissioner Dimas adopted the second ...
Rompetrol to invest 19 million euros in installation for producing biofuels from vegetal oils
Thursday, November 9, 2006
Rompetrol will build, in the next 2 years, in Romania, an installation for producing biodiesel from vegetal oils, in conformity with European standard EN 14214. The total investment of this project is estimated at 19 million euros and will be made by Rominserv, the general contractor of Rompetrol, Dumitru Manoiu, vice-president research-development with Rompetrol Group, told Rompres. "The new line will represent for Rompetrol Group a way to get involved actively in the actions plan ...