RSS
Energy & Environment
Rompetrol to build its own thermal power plant in 2007 worth 45 mill. euros
Thursday, November 9, 2006
The Rompetrol Group will build its own thermal power plant in 2007 that will fire naphtha and natural gas, with a power of over 110 MW, on an investment of between 40 and 45 million euros, Rompetrol Chairman Dinu Patriciu told a news conference on Monday upon the signature of a contract between Rompetrol Rafinare and US business group Solomon."Most of the similar companies in the world have their own energy provider working on a co-generation basis," said Patriciu.The new plant will be built ...
Rompetrol aims top-25 European ranking of oil companies
Thursday, November 9, 2006
Rompetrol Refinery and US consultant HSB Solomon Associates LLC, world leader in the supply of benchmarking services to the refining, petrochemical, pipe manufacturing and power generation industries, signed a consultancy agreement meant to promote Rompetrol within shortest among the top 25 companies in the European oil sector. Rompetrol Refinery currently counts to the leading 75 companies in the business in Europe, out of 170-180 refineries. By the implementation of the "Net ...
Foraj Sonde of Targu Mures reports business turnover of almost 35M RON
Thursday, November 9, 2006
Foraj Sonde gas drilling company of Targu Mures has reported a business turnover of 34.6 million RON (some 10 million euros) for H 1 2006, data issued by the company indicate. The H 1 2005 turnover was 38.7 million RON (some 11 million euros). Foraj Sonde SA operates in the field of natural gas drilling, geological prospecting, seismic exploration for crude oil, gas, mineral and thermal waters, drill overhauling and energy engineering works. The company was established under ...
80 million lei for emergency situation management in 2007
Thursday, November 9, 2006
The Ministry of Environment and Water Management will allocate half from its 160 million lei budget for the management of emergency situations next year, the Minister Sulfina Barbu informed."We implemented a system monitoring the air quality in 34 localities, which cost 15 million euros. We also obtained a 10 million euro PHARE financing and set up a center monitoring the radioactivity and stations across the country," said on Monday Barbu during the International Conference "Hydrological ...
Poland's Ciech takes over Govora Soda Ash Plant
Thursday, November 9, 2006
Poland's Ciech will acquire a stake of 49.8 percent in the Govora-based Soda Ash Plant, currently held by the local Power and District Heating Plant (CET), thus growing into the majority shareholder of Romania's largest soda producer, county authorities announced.The Polish company will pay 10 million RON (some 2.85 million euros), whereas the rest will be covered from a state aid.The Polish buyer had previously acquired 40.4 percent of the plant from Bega Com Timisoara (west) under a ...
Waste management, the persistent major problem of urban areas
Thursday, November 9, 2006
Waste collecting, disposal and recycling remains the main problem of the cities, Silvian Ionescu, general commissioner with the National Environment Guard told Rompres on the occasion of the International Day of Urban Areas. "The International Day of Urban Areas celebrated on November 8 should mark a moment when we should turn our attention to the various types of aggression on the environment and try to change this. The liberalization of the waste incinerators market is an important ...
Cernavoda Unit 2 successfully passed new test
Thursday, November 9, 2006
According to a press release of the National Company Nuclearelectrica SA, after the Building of the Cernavoda Unit 2 Reactor was depressurized, resulting in the opening of the access locks, works could be resumed on Monday morning . On the same occasion, Nuclearelectrica SA announced the successful completion, on November 3, of the structural integrity and sealing test of the Reactor's Building, a moment that marks a new major stage in the commissioning of Unit 2 of the Cernavoda Nuclear ...
Gas price hikes drive Petrom revenues up
Thursday, November 9, 2006
The earlier than expected natural gas price hikes operated on the domestic market could improve the figures of Petrom, Romania's biggest company, starting in the fourth quarter. Petroleum prices have declined over the past few months, forcing the company to cut petroleum product prices at the pump, and refining margins shrank in the third quarter, according to OMV data. In late October, the National Natural Gas Regulatory Authority (ANRGN) announced natural gas rates would increase by ...
Romanian home consumers pay lowest price on natural gas in Europe, say Distrigaz Sud representatives
Thursday, November 9, 2006
The Romanian home consumer pay the lowest price on natural gas among the EU countries, according to a comparative analysis made by Gaz de France, the owner of Distrigaz Sud natural gas operator.The above-mentioned analysis informs that the Romanians pay 3.16 eurocents per cu m, compared to the European average of 5.53 eurocents per cu m, even after the 8 percent increase operated in November. Denmark pays the highest price, 9.56 eurocents per cu m, followed by Sweden with 8.37 eurocents per ...
Cooperation with Dutch Government to limit level of noise emissions
Thursday, November 9, 2006
The Romanian Ministry of Economy and Trade (MEC) is to conduct, in cooperation with the Dutch Government, a campaign related to the emissions of noise in the atmosphere, noise which is usually produced by the equipment used outside the buildings, according to a release of MEC. In this context, Romanian producers of equipment and industrial tools, future bodies to be authorized in assessing the compliance with the norms, Dutch experts and representatives of the Labour Inspection ...
Vienna Energy Summit 2006 to be attended by over 130 high-rank energy officials
Thursday, November 9, 2006
Over 130 high-rank officials from Central and Eastern Europe will gather in Vienna at the Energy Summit 2006, scheduled for Nov. 9 - 10.The agenda of the event includes subjects like global energy policies and government strategies for the generation and transport of conventional energy, investment opportunities in emerging countries.Romanian Minister of Economy Ioan Codrut Seres will be attending, participating in Thursday's plenary session dedicated to "sustaining growth and maximising the ...
Conference on regional energy in Bucharest
Thursday, November 9, 2006
Forum Invest organises the International Conference « Energy in Central and Eastern Europe » (ECEE), an important event in the oil, gas and energy sector in Romania, Eastern Europe and the Black Sea area. The event will take place under the patronage of the president of Romania, with the official support of the ministry of economy and trade and the Romanian Parliament on 21 and 22 November 2006. The conference, which will take place immediately after the interministerial reunion organised ...
The consultant chosen by Transelectrica to restructure the energy system – scandal topic in the US
Thursday, November 9, 2006
Parsons Brinckerhoff Power (PBP) won the bid organised by Transelectrica to offer consultancy for the restructuring of the energy system in Romania. The bid was also attended by MVV Consulting and KPMG Romania ( 400,000 euro contract) with 15 days period to lodge a complaint. The contract will be undertaken after publication in the Official Gazette and will last nine months, while Parsons Brincherhoff Power have to draw up a study regarding the minimal cost development of the national energy ...
Romania's main energy options in the future are nuclear and coal-based power
Thursday, November 2, 2006
Given that the prices for hydrocarbons are rising, the main energy options of Romania in the future will be nuclear and coal-based power, Romanian President Traian Basescu told an ongoing international conference in Bucharest on development of cooperation in the area of energy. Basescu said the energy sector is a strategic sector as markets are getting global. From this perspective, he added, providing energy security is essential and this will only be possible when there is first a ...
Securing stable and diversified energy flow will be a big challenge to all, says US ambassador Taubman
Thursday, November 2, 2006
US ambassador in Romania Nicholas Taubman told an international energy conference in Bucharest that one of the biggest challenges to Europe and the entire world in the years ahead will be securing a stable and diversified energy flow to facilitate a dynamic growth of the developing economies of the world. Taubman also said that new energy sources based on wind, sun or nuclear atoms should be used. He mentioned that a wind-power turbine is planned to be built in the Cosntanta port ...
Romania has to invest 18 billion euros in environment infrastructure over 2007-2013
Thursday, November 2, 2006
Romania has to invest 18 billion euros in environment infrastructure over 2007-2013, just 4.5 billion euros being covered from Community funds, stated Minister of Environment and Water Management Sulfina Barbu.Environment minister said that alternate financing sources should be identified, such as the state budget and the local budges, local and foreign credits. This is the conclusion drawn by Minister Barbu who signed on Thursday the Convention for the first project with environment ...
Slatina substation re-engineered with investment worth $37 million
Thursday, November 2, 2006
The 420220 kV substation in Slatina (south-west of Bucharest) received 37.2 million US dollars in financing from North Invest Bank, Transelectrica economic manager Maria Ionescu stated on Friday, on the occasion of the official inauguration of the capacity. This is just one of the several projects Transelectrica has scheduled for 2006, worth a combined 500 million lei. "The company's flotation on the Stock Exchange brought Transelectrica gains of 33.5 million euros. The company's ...
Romania becomes official member of Renewable Energy and Energy Efficiency Partnership
Thursday, November 2, 2006
Romania is the first country in Eastern Europe to become an official member of the Renewable Energy and Energy Efficiency Partnership (REEEP), Romanian Minister of Economy and Trade Codrut Seres said on Friday at the signing ceremony of the accession document in the presence of the UK ambassador in Romania Robert Barnett, the representative of the country that initiated REEEP in 2002.Romania is the 33rd country to become a member of REEEP, an international public-private partnership that ...
Natural resources consumption and life style in Romania exceed by far ecosystem's support capability
Thursday, November 2, 2006
The natural resources consumption and the life style in Romania exceed by far the natural ecosystems' support capability, according to the "Live Planet" 2006 report published by the World Wide Fund for Nature (WWFN) international organization. This report presents the impact upon the environment compared with the bio-capability in world countries and continents. As such, in 2003, the impact upon the environment in Romania stood at 2,4 and its bio-capability at 2,3. In the European ...
Romanian companies challenged to wage new campaign in environment protection field
Thursday, November 2, 2006
Companies in Romania are challenged to wage a new campaign in the environment protection field, including a national volunteers' programme, "Millions of people, millions of trees," reads a release of the Prais Corporate Communications. Starting in 2006, every autumn and every spring, a few national campaigns are to be conducted. There are to be planted trees and other plants in or out of localities, in such areas that need to be taken care of, so as to have a safe environment. The ...