Upetrom enters insolvency due to losses
Upetrom 1 Mai, a company owned by Gabriel Comănescu, went into insolvency due to losses, which last year amounted to…
Energy Ministry wants new board members at Oil Terminal
The Ministry of Energy, as a major shareholder, has called for the convening of the Ordinary General Meeting of Shareholders…
The Government is meeting today with professional associations to transpose the Alternative Fuels Directive
Bogdan Tudorache An inter-ministerial commission will meet on Tuesday to discuss the final snapshots of the National Policy Framework, the…
Rompetrol’s shareholder, CEFC, in early talks to buy Rosneft stake
CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to…
Gazprom expects no changes to key projects from new US sanctions
Gazprom said on Aug. 14 that new U.S. sanctions against Moscow would not result in the Russian gas exporter having…
Taxation and political instability impede Upstream development of the Black Sea (Aleksandrs Popovics, Wood Mackenzie)
Wood Mackenzie has recently published an exhaustive report about the hot upstream projects currently explored in the Black Sea with…
Romania imported 11% less oil in H1
Romania imported in the first half of this year a quantity of crude oil of 3.317 million tonnes, with 415,200…
Rompetrol Rafinare closes first semester with a net loss of $ 7 million
Rompetrol Rafinare, a KMG International group member company, registered a gross consolidated turnover worth USD 1.7 billion in the first…
Gazprom Neft to boost dividends as output growth beats peers
Gazprom Neft PJSC, the oil unit of Russia’s biggest natural-gas exporter, is set to boost dividends over the next few…
US shale boom ends OPEC’s power to crush
For decades, the world’s largest oil shippers lived in fear of OPEC turning off the taps and causing demand for…
KMGI to expand fuel station network in Romania and Bulgaria
Oil refiner KMG International (KMGI) wants to open more petrol stations in Romania and Bulgaria and is on the lookout…
OPEC production rises again above its output ceiling
Production of crude oil across all OPEC countries rose again in July, to above the level the cartel has agreed…
OMV Petrom’ S1 numbers – an Econ 101 lesson for Gov’t
OMV Petrom announced a net profit of 1.21 billion lei in the first half of this year, nearly three times…
Gazprom’s monopoly may be over: Russian Security Council recommends liberalization of gas export
The Russian Security Council’s inter-agency commission for security in the economic and social spheres has encouraged the country’s government to…
Is the price of fuel low? The Ministry of Finance proposes the reintroduction of over-excise
The Ministry of Finance proposes the reintroduction of the over-excise on fuels, a measure that could lead to an increase…