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Romania needs courage and imagination to evolve into an international player
Romania has all the necessary ingredients in order to become a significant player in the international oil and gas industry.…
Elcen and Marubeni build a 150 million euros gas-fired plant
Electrocentrale Bucharest (ELCEN), the largest producer of thermal power in the country, with annual turnover of 380 million euros, said…
Exxon plans a 1 billion dollars investment in a Belgian refinery
ExxonMobil will invest over 1 billion dollars in the installation of a delayed coker unit at its refinery in Antwerp,…
Transelectrica, more than 5 billion lei in investments for grid expansion
ANRE approved Transelectrica’s 10-year plan for development of the electricity transmission network (RET). This plan is drawn up every two…
OMV sold its stake in Bayernoil refineries
OMV has closed the sale of its 45% stake in the German Bayernoil refinery network, another step in its downstream…
Romania consumed last year 76% more renewable energy
Romania’s renewable energy consumption was 1.1 million tons of oil equivalent (toe) in 2013, 75.5% higher than the one from…
Gazprom warns restrictions if EU sells gas back to Ukraine
Gazprom head Alexei Miller said Friday that the state-owned gas giant could retaliate against European countries if they were to…
1.5% hike in power transmission tariff for Transelectrica, since July 1st
The Romanian energy regulator, ANRE, has approved a 1.5% increase in the average price for electricity transmission to 22.50 lei…
Lukoil to Build $30 Billion Cash Pot After Debt Freeze
At Russia’s largest private-sector oil company, the Ukraine crisis is forcing a change of strategy. Lukoil will cut spending to…
