Change of paradigm on the natural gas market in the region
The Romanian oil and gas industry is enthusiastically living the dawn of a new era – the commercial exploitation of…
Brussels set for compromise deal in Gazprom antitrust case
Brussels is set to announce it has reached a compromise deal with Gazprom in a long-running antitrust case over the…
ANRE: Consumers have to compare offers before changing their suppliers
ANRE: Consumers have to compare offers before changing their suppliers
Aforti Exchange: Crude oil price will be subject to correction after recent increases
According to Aforti Exchange experts, panic on the oil market, which has been seemingly triggered by a tense situation between…
ROTTCO CONSULT initiated proceedings for insolvency
ROTTCO CONSULT, a company in the top 10 in the fuel distribution market in Romania, has initiated proceedings for entering…
Baltic, German foreign ministers split on Nord Stream pipeline
The foreign ministers of Estonia, Latvia and Lithuania, who met with their German colleague in Palanga on Friday, disagreed with…
UAE energy minister says OPEC is not targeting a certain oil price
OPEC producers are not targeting a certain oil price, United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on…
ACUE: 4 bln. EUR invested in the energy distribution grids in 10 years, more than 10 bln. euro investments still needed
The electricity and gas distribution networks need investments over EUR 10 billion in the long term in order to replace…
Preventing imbalances on the gas market
A few days of freezing weather have uncovered the lack of flexibility in the national natural gas system and have…
ANRE issued 1 million lei fines for 15 companies in the natural gas segment
The National Regulatory Authority for Energy (ANRE) paid fines totaling one million lei to a number of 15 participants in…
Net profit of 854 million lei for OMV Petrom in Q1, similar investments
OMV Petrom announced a net profit of 854 million lei, in the first quarter of this year, up 38% compared…
Russia’s Gazprom takes $3.4b impairment on Ukraine legal dispute
Russian gas giant Gazprom took a 213 billion rouble ($3.4 billion) impairment in relation to its legal row with Ukraine,…
OMV Petrom increases the investments in 2018 by 58%, to 5.5 billion lei
The Ordinary General Meeting of Shareholders approved OMV Petrom S.A.’s 2018 investment budget of 5.55 billion lei, up 58% from…
KMGI extended a 360 mln. USD credit line by 2021
The KMG International Group (KMGI) has amended and extended its USD 360 million multicurrency revolving credit facility on Friday, 20…