Chiriţoiu: Competition will monitor the price of fuels after eliminating the overcharge
The Competition Council will monitor the fuel market, so that the elimination of the overcharge will lead to a corresponding…
Kazakh-Romanian Energy Investment Fund announces new fuel stations in Romania
Bogdan Tudorache The Kazakh – Romanian Energy Investment Fund inaugurated in Timis county a new fuel station, an investment of…
Hungary says ready to talk to Gazprom about new gas supply deal
Hungary is ready to start talks with Russia’s Gazprom about a new long-term gas supply deal, Hungary’s Foreign Ministry said…
Russia launches gas supplies to China via Power of Siberia pipeline
Russian President Vladimir Putin on Monday formally launched the start of natural gas supplies to China via the Power of…
Competition Council: Oil companies await OMV Petrom’s decision to change fuel prices
Oil companies are waiting for the strategic moves of the market leader, OMV Petrom, to decide how to change the…
Romgaz: The country’s gas consumption decreased by 5.7% in the first nine months
National gas consumption decreased by about 5.7% in the first nine months of this year, while Romgaz production was higher…
The price of natural gas drops below 60 lei per MWh on the spot market of the Romanian Commodities Exchange
The SPOT market of natural gas in Romania operated by the Romanian Commodities Exchange (BRM) registered, on November 07, the…
ANRE: Gas suppliers have stored 30% more for winter than the minimum stock
Gas suppliers have deposited 2.8 billion cubic meters of gas for this winter, 30% more than the mandatory minimum stock…
MOL Romania: Gas sales up 12%, diesel rose 7.5%
Bogdan Tudorache MOL Group revised positively its yearly current costs result, whilst in Romania, MOL’s retail fuel sales registered significant…
Naftogaz takes into account the Romanian gas
Naftogaz takes into account, in case it will not reach an agreement with Gazprom for the continuation from January 1,…
Lukoil and MOL will sign a US 10 bln. contract
Russian oil group Lukoil will sign a USD 10 billion contract with Hungarian oil group MOL on oil supply, Lukoil…
OMV Petrom: 2.8 billion lei worth net profit, at 9 months, one third of the contributions to the state budget
OMV Petrom announces a 13% increase in consolidated sales in the first nine months of the year compared to 2018,…
BRM: The price of natural gas falls below the regulated level, to the minimum of the last six months
The SPOT market of natural gas in Romania operated by BRM recorded the lowest price of the last 6 months,…
Unlocking the potential of the Black Sea
Despite all the uncertainty, the oil & gas industry in the Black Sea region is not afraid to take actions.…
Transgaz inaugurates the natural gas compression plant at Jupa
SNTGN Transgaz inaugurated the Jupa Natural Gas Compression Station, part of the BRUA Phase 1 project, a project on the…
By February 2020, Transgaz wants to set up the company that will operate the Romanian gas hub
Transgaz has signed a cooperation agreement with the Austrian Central European Gas Hub AG – CEGH to establish the gas…
Competition will complete this year the investigations regarding the costs of the connections to the gas network
The President of the Competition Council, Bogdan Chiriţoiu, announced that this year the investigations on the costs of the connections…
Transgaz announces that the reverse flow from Isaccea to Orlavka is operational
Transgaz, through its subsidiary, Eurotransgaz, bought Vestmoldtransgaz, transforming it into a private company, says Marius Stoica, advisor to Transgaz’ general…
ANRE has canceled the tender for the change of the gas supplier in Otopeni
The National Energy Regulatory Authority (ANRE) announced on Wednesday that it is canceling the tender that would have changed the…
Rompetrol reaches 940 fuel stations
Rompetrol Downstream – KMG International Group retail division in Romania opened the fifth Rompetrol gas station in Craiova. The total…
BRM: After forward contracts with central counterparty, we launch futures with physical delivery, from January
Dear Mrs. Ioana Drăgan, with all the difficulties in the market or perhaps in response to these, BRM has recently…
Rainer Seele, confirmed for two more years at the helm of OMV
The term of office of the current CEO and Chairman of the Executive Committee of the OMV, Rainer Seele, was…
Romanian oil industry demands public policies to encourage investments in the sector
Oilmen demand public policies to encourage investments in the sector, to increase the role of industry in the development of…