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Energy & Environment
Romania hosts one of the last intact forests on planet, says Greenpeace
Thursday, October 19, 2006
Greenpeace Organization recently discovered in the west of the Southern Carpathians in Romania one of the last intact forests on the planet and certainly the last in Europe, south of the Polar Circle.According to a release of Greenpeace, the forest includes the main areas of Retezat National Park, part of Domogled-Valea Cernei Park and of Dinosaurs' Park at Hateg (central Romania), as well as significant surrounding areas, still not considered protected areas. Retezat and Domogled-Valea ...
TRG continues with regional expansion plans
Thursday, October 19, 2006
The Rompetrol Group (TRG) will continue its expansion on the CEE market, especially in countries like Ukraine, Bulgaria, and Georgia, to consolidate its position, Business Review quotes Adrian Petrus, vice-president of planning and performance management, as telling the Energy 2006 conference. ?There is a market of some 125 million consumers, spanning 700km. Romania could become a regional hub, considering the large capacity of refineries the country has,? Petrus added. He said ...
Romanian state claims $85 million euros from Rompetrol
Thursday, October 19, 2006
The Romanian state plans to recover from Rompetrol the amount the company appropriated itself by capitalising on a foreign claim from Libya, $85 million namely, according to the Wednesday issue of daily Gardianul. Under the indictment thereby businessman Dinu Patriciu was put on trial on August 9, 2006, the General Department of Foreign Public Finance (DGFPE) called for "public accounting records to include the claim equal to $88,753,221, a debit that must be recovered from SC Rompetrol SA, ...
Calder-A and Dwory, just two companies interested in Carom Onesti
Thursday, October 19, 2006
Calder-A Co. that concluded a novation agreement with Balkan Petroleum for the take over of Rafo Onesti (north-east of Bucharest), and Dwory Co. from Poland are interested in participating in the bidding for the taking over of synthetic rubber plant Carom from Onesti, according to the company's liquidator, Ziarul financiar daily reads . Calder-A and Dwory have been, until present, the only ones interested in acquiring Carom, stated Director of liquidator Finconta Consulting Co. Adrian ...
New regulations on management and storage of spent nuclear waste and radioactive waste
Thursday, October 19, 2006
Nuclear certificate of authorization holders and of the radioactive ore exploitation ones will be forced to support costs involved by the management of spent nuclear fuel and of radioactive waste, including their final disposal. The Senate adopted on Thursday a draft law on the assent of Government Ordinance (OG) 312006 for the modification and completion of OG 112003 on the management of spent nuclear waste and radioactive waste, including their final disposal. The draft ...
Petrom Co. intends to get rights to exploit oil areas in Bulgaria
Thursday, October 19, 2006
Petrom oil company, controlled by Austrian Group OMV, intends to get by mid-2007 the right to exploit one of the largest oil areas in Bulgaria, with the transaction worth a few million euros, the Ziarul Financiar daily writes . The new business will add to the 74 filling stations Petrom operates under OMV brand in Bulgaria, which were taken over as part of a broader project, including the buying of 178 filling stations in Bulgaria, Serbia, Montenegro and Romania. An OMV official ...
Romania's electricity output exceeds 40 billion kWh in first eight months
Thursday, October 19, 2006
Romania's electricity output reported over January 1-August 31, 2006 stood at 40.983 billion kWh, up by 6.4 percent as against the same period one year ago, according to the information supplied by the National Statistics Institute. The biggest electricity amount was produced in thermal power plants namely 23.544 billion kWh (up 13.3 percent as against 2005) and in hydro power plants - 13.434 billion kWh (down 4.5 percent). The nuclear power plant Cernavoda (south-eastern Romania) ...
Three programmes over 19 million dollars for mining zones' social and economic redevelopment
Thursday, October 19, 2006
Romania's National Agency for the Redevelopment of Mining Zones (ANDZM) has launched on Monday three projects for the mining zones' social and economic redevelopment, in the value exceeding 19 million dollars, money coming from a World Bank loan and budgetary sources, stated ANDZM Director General Marcel Hoara in a press conference. "The three programmes launched today are part of a wider programmer in the value of 60 million dollars, run in cooperation with the World Bank, focused on ...
Eight investors display interest in building a new production facility at Electroncentrale Borzesti
Thursday, October 19, 2006
Eight potential investors have submitted letters of intent for a new power generation facility (of an installed power of between 200 and 500 MW) at the Electrocentrale Borzesti subsidiary of Termoelectrica SA company, the Romanian Economy and Trade Ministry informs in a release issued on Monday. The companies that are interested in this project are E. ON Kraftwerke GmbH (Germany), Enel SpA (Italy) , Electrabel (Belgium), CEZ (The Czech Republic), Romned Port Operator (Romania), AES (the ...
120 million euro for restructuring in mining regions
Thursday, October 19, 2006
The National Association for the Development of Mining Areas - ANDZM will use 120 million euro for a program of restructuring in Romania’s mining regions, which have been hard hit by closing mines and social changes. The money comes from the state budget and a World Bank loan for closing mines, environment regeneration and absorbability of social shocks.Half of the money - some 60 million euro - will be used for social-economic regeneration in 386 settlements affected by closing mines and ...
Petrom investment of 50 million euros in implementing SAP-made resource planning system
Thursday, October 19, 2006
Petrom has announced an investment of some 50 million euros in implementing of a resource planning system made by SAP company. It will be one of the biggest IT projects in Romania, says Reinhard Pichler, financial director of Petrom."It is perhaps one of the biggest projects of this type in Romania, but also in the region. Certainly, it is the biggest on the local market from the viewpoint of number of users ", says in Ziarul financiar daily Eugen Schwab-Chesaru, director general for Central ...
Windmills, increasingly more in Dobrogea
Thursday, October 19, 2006
Romania has decided to generate one fifth of its electricity using non-polluting sources in the following ten years, and the most consistent such source for this ambitious design is wind power.Specialists say the southeastern province of Dobrogea has a huge potential in terms of wind power and the conversion of sun power into thermal power.Increasingly more investors have lately come to Dobrogea armed with projects for creating plains of wind turbines. Officials of German, French, Dutch ...
Linde sells plant worth 70 million euros to Petrom
Thursday, October 19, 2006
Linde Engineering, a company which is part of the international engineering group Linde, concluded with Petrom oil company, owned by the Austrian oil group OMV, a contract worth 70 million euros, which stipulates the delivery until mid-2008 of installations for the separation of liquefied petroleum gas (LPG). According to Linde representatives, the replacement of the old assets owned by Petrom will prompt the growth of the capacity of separation of the LPG and lead to a higher energy ...
Production of nuclear fuel for Cernavoda Unit 2 first load is completed
Thursday, October 19, 2006
The Pitesti-based facility specialized in production of nuclear fuel concluded the production of the nuclear fuel necessary for the first load of Unit 2 of the nuclear power plant in Cernavoda (south-east of Bucharest), Nuclearelectrica National Company informs. The first shipment of nuclear fuel was made in secure conditions on Tuesday; the whole load will be completely delivered at the beginning of November. In 1994, after a retooling process, Atomic Energy of Canada Ltd (AECL) and ...
OMV to invest 1 billion euros in Petrobrazi Refinery
Thursday, October 19, 2006
OMV Group will invest 1 billion euros in Petrobrazi Refinery (southern Romania) over the next five years in order to triple the Diesel oil output, following the increasing demand on the European markets, daily Jurnalul National informs on Thursday."We will invest 1 billion euros in Petrobrazi, meant to increase its refining capacity from 4.5 million tonnes a year to 6 million tonnes in 2011," said OMV president Wolfgang Ruttenstorfer.He said that the Diesel oil production would increase ...
Romania's coal output is almost 23 million tonnes in first eight months
Thursday, October 19, 2006
Romania's net coal production (prepared) amounted in the first eight months of this year at 22.814 million tonnes, of which 1.804 million tonnes net pit and 121.01 million tonnes net lignite and sorted brown coal, according to centralized data of the National Statistics Institute. The biggest production was recorded in March - 3.208 million tonnes, of which 253,831 tonnes of pit and 2.954 million tonnes of lignite and brown coal. Over January-August 2006, Romania imported coal in the value ...
Petrom could become biggest integrated oil and gas company of South-Eastern Europe
Thursday, October 19, 2006
Petrom will continue in the upcoming years the international development and will become OMV group's operational centrein the region, with the company's main objective for 2010 being of becoming the biggest integrated oil and gas company of South-Eastern Europe. ''Petrom is the biggest Romanian company and has special potential for the international development. Our strategy for 2010 is based on Petrom's strength to turn from national oil and gas company into a regional leader of South ...
The energy sector to hurredly privatise before accession
Thursday, October 19, 2006
To keep to the pledges with EU the Ministry of Economy and Trade has to sell two of the three energy units , micro-hydro power stations belonging to Hidroelectrica, as well as the micro-thermal power stations belonging to Termoelectrica. The Ministry of Economy, Codrut Seres announced that, by the end of the year, the ministry will announce the selling of the energy units in Turceni and Rovinari, MEC proposes the privatisation of the energy unit Rovina through transfer of a package of 75% of ...
Mittal Steel has to invest over 50 million USD for air protection
Thursday, October 19, 2006
Mittal Steel Galati invested until 2005 35.56 million dollars in projects regarding air protection, a press release of the company informs. Investment consisted of 29 modernisation works and had as direct result the reduction of gas emissions. Thus, the modernisation works were made in Uzica Cocso-Chimica, Explosion Funnels of the Synterisation Unit and within the Steel Production unit. “ According to the privatisation contract, Mittal Steel Galati has to invest in environment projects ...
Bucharest – within the range of high risk of possible Bulgarian nuclear accident
Thursday, October 19, 2006
The government in Sofia will select the consortium to build the nuclear power station in Belene, locality situated at 13 km off Zimnicea and least then 100km away from Bucharest. According to Greenpeace, the Bulgarian government took the decision to build the nuclear power station Belene, although the assessment study of the impact on environment (EIM) was not finalised. The study is at present at the High Court of Administration in Sofia, with the following issues : quality, sufficient ...