Transporters: New excise to surge spending in election year, moves consumption over border
Government decided to introduce additional fuel duty without an impact assessment , in order to make higher expenses in 2014,…
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General Interest
Government approved Turnu Magurele- Nikopol hydropower project of 400 MW
The government approved on Thursday the formation of a joint project company for the development of the Romanian-Bulgarian Danube hydropower…
NQE Holdings invests 7 mln. euro in PV parks, moves from Rasdaq to BSE
###author### Natura Quattour Energia Holdings (NQE), formerly qnowns as Scapis, decided to move its listing from Rasdaq to Bucharest Stock…
Privatization Calendar: Hidroelectrica – uncertain term, Electrica in June and Oltenia in autumn
###author### Hidroelectrica is struggling to get rid of insolvency procedures, and in the meantime it will follow a restructuring program,…
FP: Tarnita and the submarine cable insufficiently founded, Romgaz delays participation
###author### Franklin Templeton, the manager of Fondul Proprietatea (FP) considers that Tarnita and the Romania – Turkey submarine power cable…
Russians take over for 5 billion euro RWE`s oil and gas division
L1 Energy, the investment vehicle of Russia’s fourth-richest man Mikhail Fridman, agreed to buy RWE AG (RWE)’s Dea oil and…
Romania and Europe`s alternatives to Russian gas
###author### It will take at least three or four years to explore Romanian shale gas, professors in charge with a…
Donations worth EUR30 mln., used for three environment protection programs
Three environmental programs will be developed in Romania through a grant of 30 million euros obtained in the Financial Mechanism…
Need to accelerate hydrocarbons exploring: Chevron, Exxon, OMV held talks with presidency
President Traian Basescu yesterday’s meeting with leaders of Western oil companies – Chevron , ExxonMobil and OMV is not at…
The changes are changing: Economy wins partially the control on Department of Energy
According to an Executive Ordinance (EO) approved Wednesday, the Economy Minister, Constantin Niță, will coordinate the economic policies of the…
Public debate for the Romanian national energy strategy
The new Minister for Energy, Razvan Nicolescu, launched a public debate on the development of the national energy strategy of…
President Băsescu meets today the management of Chevron Europe , ExxonMobil and Petrom
President Băsescu meets today the general manager of Chevron Exploration and Production Europe , Derek Magness , head of state…
Dobra, Alro: Provision of decreasing the aquisition of GCs by 85% affects 200 companies
###author### The aluminum producer Alro Slatina (ALR) is losing USD 15,000 per hour and will last only a few months…
Băsescu: new excise on fuel is useless, the pole tax will be reformulated, it brings 1.5 bln. lei
###author### President Traian Băsescu reiterated the view according to which the additional excise duty on fuel is unnecessary, since the…
Government presents IMF an unrealistic term for Hidroelectrica`s IPO
###author### The last scenario of the government’s 15% stake listing of Hidroelectrica is overly optimistic or unrealistic, as it presents…
FP`s SPO in London by the year-end, the Fund sells shares in Petrom and Conpet
###author### Fondul Proprietatea (FP) will have its SPO (secondary public offering) on the London Stock Exchange (LSE) by the end…
CE Oltenia did not succeed selling energy of 20 mln. euro on exchange due to lack of demand
###author### The coal and electricity poroducer Complexul Energetic Oltenia (CEO) on Wednesday failed to sell energy of 90.67 million lei…
Transelectrica: Renewable energy production capacity reached 4,412 MW
Renewable energy projects reached a total capacity of 4,412 MW at the end of January 2014 , according to Transelectrica.…
Fondul Proprietatea will sell at least 4% more of OMV Petrom for a minimum of 216 mln. euro
###author### Fondul Proprietatea will possibly sell more than 4% of OMV Petrom, a similar transaction at the end of last…