Virgil Popescu: We need to clearly define which are the Romanians that really need a subsidy
The Minister of Economy, Energy and Business Environment, Virgil Popescu, argues that it must be clearly defined who are the…
Orban: We will seek solutions as quickly as possible to unlock the Black Sea gas extraction projects
On Wednesday, Prime Minister Ludovic Orban gave a signal to investors in the energy sector, stating that the new Government…
Popescu: Energy and gas subsidies to the entire population of Romania must cease
Subsidizing the price paid by the entire population of Romania for energy and gas should cease and will continue to…
BCR: Oil prices rise by 10% could lead to an increase in inflation in Romania by 0.4%
An increase in oil prices by 10% could lead to an increase in inflation in Romania by 0.4 An increase…
Romgaz wants to sue the builders of the Iernut power plant for delays
Romgaz wants to purchase legal consulting services for a possible dispute with the builders of the power plant in Iernut,…
Mott MacDonald consortium designs South Gas Interconnector Bosnia-Croatia
A consortium led by UK-based Mott MacDonald has started drawing the design of a 160 km long South Gas Interconnector…
Competition authorized the acquisition of Rohrer’s assets by the Petroleum Services Group
The Competition Council has authorized the transaction through which some assets and activities are transferred from the Rohrer Group to…
Neel: Romania has the opportunity to become the main gas producer in the EU
Bogdan Tudorache Romania has the “major opportunity” to become the largest gas producer in Europe, says Franck Neel, president of…
Cristian Păun, ASE: The gas industry is overtaxed
Bogdan Tudorache The gas industry has barely managed to regain ground after the crisis, says university professor Cristian Păun. The…
Dudău: Government must urgently solve the situation of the Black Sea gas exploitation
Bogdan Tudorache It is important that the members of the gov’t, whoever they will be, solve the situation of the…
Cristina Pruna: The state received 1.93 bln. lei from natural gas production taxation, in the first eight months
The Romanian state received from the taxation of the natural gas production 1.93 billion lei, in the first eight months…
Poor quorum at OIL Terminal’s GSM
The majority shareholder, the Romanian state, did not attend in the last shareholders meeting (GMS) of the Oil Terminal. 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…
Transgaz inaugurated the second new compression station on the BRUA pipeline, at Jupa
Transgaz inaugurated the natural gas compression station (STC) in Podișor (Giurgiu county), an over 22 million euros worth investment. STC…
Bulgaria pledges to US Ambassador that works at the Greece pipe will finish next year
Bulgarian Energy Minister Temenuzhka Petkova and US Ambassador Extraordinary and Plenipotentiary to Bulgaria Mrs. Herro Mustafa have confirmed that they…
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…
Virgil Popescu: It is not incompatible to have a wife that manages Petrom petrol stations
The proposed minister for the portfolio of Economy and Energy, Virgil Popescu, does not consider that there is a state…
Transelectrica and Transgaz could go to the Ministry of Finance
Prime Minister-designate Ludovic Orban said that Transelectrica and Transgaz will move from the Ministry of Economy to the Ministry of…
Green light for Lukoil and Romgaz drilling at the Black Sea
The Competent Authority for Regulating Offshore Petroleum Operations (ACROPO) has given the green light for work start for the 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,…
The price of oil kept stable in the last week
Bogdan Tudorache Oil prices remained stable, with WTI trading at around $55/ barrel and Brent at around $60/ barrel, according…