Rompetrol: Closing CPC operations will not affect crude oil supply to Petromidia refinery
Closing CPC operations will not affect crude oil supply to Petromidia refinery, says Rompetrol’s shareholder.”In the context of the information…
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Transgaz and 3SIIF will collaborate to build a greenfield gas infrastructure
Transgaz announced to its investors on the BSE that it has signed a roadmap agreement with the Three Seas Initiative…
Russian natural gas substitution – scenarios proposed by FEL Romania
The escalation of the Russian-Ukrainian conflict has amplified the effects of the energy crisis and calls for a rethinking of…
Chimcomplex announces 14.6 million euros profit in the first quarter of 2022
Chimcomplex, Eastern Europe’s largest chemical polyols producer, reports a 23.2% increase in turnover for the first quarter of 2022 compared…
Transgaz made a profit of almost 268 mln. lei, up 70%, in Q1
In the first quarter of this year, Transgaz registered a net profit of 267.918 million lei, up 70% compared to…
NGOs call for demolishing Nord Stream 2 to avoid environmental damages
Environmental NGOs warn that leaving the unused Nord Stream 2 pipeline at the bottom of the Baltic Sea could cause…
Rompetrol invests 4.2 mln. USD in the modernization of the Vega Ploieşti refinery
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has completed a 4.2 million USD investment in the…
Greece-Bulgaria gas interconnector could be ready in June
The Greece-Bulgaria gas interconnector could be ready in June, as promised by Bulgarian officials, Energy Minister Virgil Popescu told journalists…
Transgaz shareholders approved a gross dividend per share of 14.82 lei for 2021
Transgaz shareholders approved, in the Ordinary General Meeting on Thursday, a gross dividend per share amounting to 14.82 lei, related…
OMV Petrom’s fuel sales up 9% in Q1 2022 compared to Q1 2021
OMV Petrom’s total sales of refined products were 5% higher in Q1 2022 compared to Q1 2021 as a result…
Ionuț Ciubotaru, OMV Petrom: Romania can become an EU hub for blue hydrogen
Romania could become a “Blue Hydrogen Valley” in the European Union, as it has gas resources, carbon storage capacity and…
Electroservice RB has a scheme for the production of electricity and heat in small units to be financed by NRRP
NRRP represents an opportunity for the Romanian energy industry, said Răzvan Dedu, CEO of Electroservice RB, during the event „NRRP…
Cristian Athanasovici, Kawasaki: Industry needs cogeneration, which NRRP does not cover yet
NRRP does not cover cogeneration for industry yet, said Cristian Athanasovici, BDM, Kawasaki Gas Turbine Europe, during the event „NRRP…
Mihai Aniței, Metachim: The chemical industry has particularities that generate many financing problems
The chemical industry has particularities that require numerous clarifications when it comes to NRRP, said Mihai Aniței, President of the…
Ministry of Energy has initiated steps to develop a hydrogen strategy
Ministry of Energy has initiated steps to develop a national strategy on hydrogen energy production, in the context in which…
Rompetrol: Scheduled turnaround of the Petromidia refinery has come to an end
Rompetrol Rafinare, a member company of the KMG International Group, successfully completed the turnaround of the Petromidia Navodări and Vega…
Gas prices have risen as the EU looks at new sanctions against Russia
Reference prices for natural gas in Europe rose by 7% on Monday morning amid growing fears about gas supplies due…
Virgil Popescu: Energy resources must not be used as blackmail weapons
Romania supports the development of the Southern Gas Corridor and the partnership with Turkey in order to diversify supply routes,…
Transgaz, Nuclearelectrica and Romgaz will transfer only 50% of dividends, investments are prioritized
After Nuclearelectrica and Romgaz, the Government decided to exempt Transgaz from paying 90% dividends. Thus, 50% dividends will be paid…
Popescu: In order to reduce dependence on the Russian Federation, we need to complete the interconnections
The reduction of the dependence on the Russian Federation can be achieved faster if we hasten the completion of the…
A new gas pipeline between Turkey and Israel – the possibility of reducing dependence on Russia
A gas pipeline between Turkey and Israel is being discussed as one of Europe’s alternatives to Russian deliveries, but government…
EU Commissioner for Economy: If Russia cuts off gas supplies, we are ready to face the decision
The payment of Russian gas in rubles means a breach of existing contracts, and if Russia decides to suspend deliveries,…
Traders: There will be problems with the supply of petrol and diesel due to the war
Energy and commodity markets are in shock after Russia’s invasion of Ukraine, leading trading companies warned, warning that there could…