Petrom’s investments increased by 56% in 2018
OMV Petrom SA’s investments amounted to 5,495 million lei in 2018, up 56% from those in 2017. Investments in the…
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Energy Strategy: Romania needs 15-30 bln euros in energy investment by 2030
Romania’s energy sector needs as much as 30 billion euros ($34 billion) of investment in power, oil and gas production,…
INS: Net investment in the national economy slightly increased last year, by 0.8%
Net investments in the national economy totaled 84 billion lei last year, increasing by 0.8% compared to 2017, according to…
Boza, CE Oltenia: Group 5 Rovinari will be completed by 2020
Group 5 at Rovinari coal plant will be completed by 2020 by own forces, CEO Oltenia CEO, Sorin Boza, told…
EIB has financed projects worth EUR 1.3 bln. in Romania, in 2018
The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund…
E-Distribuţie Muntenia invested 24 mln. lei in two high voltage power lines in Bucharest
E-Distribuție Muntenia has invested 24.35 million lei in building two new underground high voltage power lines in Bucharest, in order…
Romgaz: 2018 net profit declined by 22%, production and investment grew
Romgaz recorded a net profit of 1.4 billion lei in 2018, 22% less than in 2017, with a turnover of…
Black Sea Oil ready to sue Romania over offshore gas field development
Despite announcing last week that it would invest USD 400 million to start natural gas extraction at its offshore field…
Bogdan Badea: Hidroelectrica has nothing to win from GEO 114/2018
Bogdan Badea, Chairman of the Hidroelectrica Directorate, announced the withdrawal of the 5-years investment plan worth more than 5 billion…
Clean Energy Accelerates As Global Investment Hits USD 428 Billion
While the 2018 figure is down 8% on 2017, the collapse in capital costs for wind and solar power suggest…
Macedonia to construct a solar power plant on the site of an exhausted coal mine with EBRD money
Macedonian plans to move decisively forward with decarbonization are making a big leap forward, as the EBRD is lending €5.9…
Energy projects in rural areas must consider willingness to pay
Despite at least a decade of global attention, private sector initiatives to provide electricity in rural communities have had little…
Francois-Regis Mouton (IOGP): If everything is set right, investors will come
With over 80 members around the world, the International Association of Oil and Gas Producers – IOGP – represents most…
Up to Jan 28, Transgaz is waiting bidders for the 400 mil lei Onesti-Lețcani gas pipeline
The bid for realization of the gas pipeline between Onești-Gherăeşti-Leţcani was launched on the Electronic Procurement System. Transgaz’ committed amount…
VW embarks on $50 billion electrification plan
Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass…
Google invests US 700 million in Danish datacentre, secures green energy
Google will invest almost US$700mil (RM2.93bil) in a Danish data centre powered by the abundant green energy that underpins power-intensive…
AmCham: Romania’s energy security, affected by lack of investments in power generation
The American Chamber of Commerce in Romania (AmCham Romania) closely monitors the investment flows in the Romanian economy, and in…
