Enel makes new investments in network upgrade
Enel Distributie Muntenia has completed the upgrading works to the Giurgiu county network, of over 2 million lei, according to…
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Oil and gas industry needs investments worth anually a billion euro
Maintaining the current level of oil and gas production in Romania requires annual investments of one billion euros, given the…
Radu Crăciun, BCR Pensii: Pension funds’ assets keep growing; we need channels to keep this money in Romania
Since April this year, Radu Crăciun is the president and chief executive officer of BCR Pensii. One of the best…
EBRD supports large projects in renewable energy
EBRD makes a review of the major renewable energy projects in which it has invested. Whiule projects of tens and…
Transgaz made last year nearly 70% of the proposed investment
Last year, the natural gas transport and dispatching company Transgaz, has made investments totaling 239.55 million lei, representing 68% of…
The new performance standards motivate distributors to invest in power networks
The new performance standards established by ANRE for electricity distribution service entail the need for network operators to invest equally…
New figures show the weight of the Romanian Oil & Gas Upstream Onshore industry
* Each euro invested in exploration and production of oil and gas tripled in the Romanian economy, according to a…
Oil production continues to fall, imports grow
Romania imported in January this year an amount of 511.800 tonnes of crude oil equivalent (tep), with 19.100 toe (+…
Daniel Apostol, ROPEPCA: Oil and gas reserves decline can be reversed by investment
The decline of hydrocarbon reserves can be reversed by maintaining and increasing the investment level both in new discoveries and…
Electrica prepares investment of 715 million euros
The administrators of Electrica S.A. plan to accomplish in the next three years investments of over 715 million euro, mainly…
In 10 years, Transelectrica wants to retrofit all its power stations
The uninterrupted supply of consumers with electricity is the central objective of Transelectrica, said some of the company’s representatives at…
Hidroelectrica proposes investment in safeguard measures at Iron Gates I
The management at Hidroelectrica proposes to the shareholders to approve an investment plan of 11.7 million euros, VAT included, dedicated…
Although made a loss in 2015, ENGIE targets investment of 22 billion euros over the next two years
ENGIE, the french energy group, recorded a net loss of 4.6 billion euro in 2015, after the 2014 net profit…
Romgaz plans a net gain of 1.32 billion RON an investments of 1,12 billion RON in 2016
Romgaz anticipates for this year a net income of 1.32 billion RON, almost 12% higher than that achieved last year.…
ELCEN consumed 1,500 tons of fuel oil per day in the freezing period
Low temperatures and the need to cover the energy requirements of companies and households led to the start of ELCEN…
Martin Moise, PATRES: The obligation to sell at constant power favors state-owned producers
Last year, ANRE introduced a norm that obliges renewable energy producers to deliver their energy with constant power like a…
Lukoil reduces investments, negotiates the sale of Baltic business
Lukoil plans to reduce investment this year with about 1.5 billion dollars from the amount previously expected, due to lower…
Andrei Gerea: KazMunayGas – Rompetrol project is still supported at all levels in Kazakhstan
Completion of the Memorandum regarding Rompetrol was the main topic of talks held between Minister of Energy, SMEs and Business…