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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…
Romania imported 20% more oil in the first two months
In the first two months of 2018, Romania imported 1,453 million tons of crude oil equivalent, with 242,500 toes (20%)…
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…
Greece accepts Snam-led consortium’s offer for gas grid DESFA, Romania’s Transgaz loses bid
Greece has accepted a 535 million euro offer from a consortium led by Italy’s Snam for a majority stake in…
Petrobrazi refinery shuts down for 6 weeks during a 45 million euro turnaround
OMV Petrom announced that since Friday, April 13, turnaround starts at Petrobrazi Refinery. Project value (investment and costs) exceeds EUR…
Transgaz to find out by week-end the DESFA results
Tenders to buy a 66% stake in DESFA, the Greek gas carrier, would be open by the end of this…
Kazakh KMG sees sale of stake in KMGI to CEFC by end-June
KazMunaiGas’s deal to sell 51 percent of its Romanian business KMGI to China’s CEFC is still going ahead but has…
Romgaz: Investments of 1.6 billion lei in 2018 and diversification plans in CNG, renewable and petrochemicals
Romgaz estimates for this year an operating profit of 4.57 billion lei, down 8.1% from the preliminary value of the…
MOL diversifies production by building a rubber factory
MOL Group’s and JSR Corporation’s synthetic rubber plant (S-SBR) has been inaugurated on Monday. The plant employs cutting edge technology…
The story of the sole frost episode of this Winter; some numbers from Transgaz and 5 questions
Several days of frost have revealed the lack of flexibility of the national gas system, not enough prepared to cope…
Government Decision for introduction of the Framework for Alternative Fuels
The Government of Romania has adopted by Decision, last week, the National Policy Framework for the development of the market…
