Russia sold yet another 19.5% of Rosneft for 10.5 bln. euro
Russia said on Wednesday it sold a stake in oil giant Rosneft for 10.5 billion euros ($11.3 billion) to Qatar…
OMV Petrom and Hunt Oil start experimental gas production from the Padina field
OMV Petrom, the largest oil and gas producer in Southeastern Europe, in partnership with Hunt Oil Company of Romania (Hunt…
Turkey ratified the Turkish Stream agreement
Russian-Turkish agreement on construction of the Turkish Stream pipeline came into force on Tuesday, after the signature by Turkey’s President…
Ukraine, Poland want to use Opal Gas Pipeline
Ukraine and Poland’s state-run oil and gas companies Naftogaz and PGNIG have applied to Bundesnetzagentur, Germany’s Federal Network Agency for…
Oil tops $55 for first time in 16 months
Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects…
The Financial Intelligencer: Attack on Rompetrol and foreign capital
Romania’s major energy company Rompetrol was on the verge of sale to a Chinese company when the country’s investigative agency,…
Transgaz confirms it may acquire shares in Greek operator DESFA
An official of Transgaz said that the Romanian operator “will analyze whether it is beneficial” to acquire shares from the…
Peter Jansen, dissatisfied with the Romgaz appointments
Peter Jansen, a member of the board of directors of the national producer of gas Romgaz (SNG) says he is…
Oil price increases by 8% after OPEC’s decision to cut output
Organization of Petroleum Exporting Countries (OPEC) agreed on Wednesday to reduce production for the first time since the financial crisis…
Marco Pannunzio is the new managing director of Total România
Marco Pannunzio is the new managing director of Total Romania SA, starting with December 2016, replacing Franck Haettel, who will…
Dumitru Chisăliţă is the new president of the board of Romgaz
Romgaz’s shareholders have decided the election of a new chairman of the Board of S.N.G.N. ROMGAZ S.A. and the change…
Rottco helps independent fuel suppliers with pumps and payment systems
Rottco, a company with Romanian capital and a turnover of 100 million euros operating on the fuel wholesale retail, began…
Transgaz clinches new contracts worth more than 50 mln. euro with Romgaz, Elcen and CEH
The gas transport company Transgaz concluded new yearly and quarterly gas transportation contracts worth almost 235 million lei (52 million…
CONPET adheres to the National Anticorruption Strategy 2016–2020
CONPET announced its adherence to the National Anticorruption Strategy 2016 – 2020, which brings in tougher rules within the company.…
KELER CCP is introducing central clearing services at BRM gas market
Following a series of negotiations, Budapest-based KELER CCP and Bursa Romana de Marfuri (BRM) are taking a new step forward…
KMG: EBITDA profits up 6% at nine months
KMG International increased in the first nine months of this year the refining and fuel distribution activities in the Black…
SOCAR’s VP: the AGRI project is not dead, it needs more time
The interconnector project of the Azerbaijan-Georgia-Romania (AGRI), which pressumes transporting liquefied gas from Azerbaijan to Romania, is not dead, however,…
Volkswagen CEO says sees case for building own battery factory
Europe’s largest carmaker Volkswagen sees building its own factory to make electronic vehicle batteries as a logical move as it…
Cătălin Dumitru promoted as as Vice President for Corporate Development and Strategy of the KMGI Group
KMG International (which owns the former Rompetrol) changed the Group’s management structure, appointing Catalin Dumitru as senior vice president for…