Oil consumption increased by 4% last year, mainly satisfied by imports
In Romania were consumed last year over 11.2 million tons of crude oil, with about 4% higher than in 2014,…
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OMV disposes of assets in the North Sea to access fields in Siberia
The agreement regarding the exchange of assets between OMV and Gazprom will be completed this year, announced the CEO of…
OMV leadership declines interest in cooperating with Gazprom in refining sector
The Austrian energy group OMV, the majority shareholder of Petrom, and Gazprom may announce on Friday which assets will OMV…
MOL provides a career opportunity for 170 students and graduates
MOL Group recruits students and graduates from Romania to fill 170 positions in 13 countries where the group has operations,…
National Uranium Company has a new general manager
Andrian Posa, Engineer and Head of Prevention and Protection at the National Uranium Company (CNU), was nominated as General Director…
Russian oil floods export market as refiners lose money
Crude oil exports from Russia, the world’s biggest producer, grew about seven times faster than output in the first quarter…
OMV Petrom announces reduction of investments by 20% – 35% in 2015
OMV Petrom will reduce its investment with percentages between 20% and 35% this year, mainly due to the sharp fall…
Rompetrol Rafinare increases its revenues and reduces losses
Rompetrol Rafinare increases its revenues and reduces losses Rompetrol Rafinare, a member company of KMG International, recorded a USD 4.33…
Exxon plans a 1 billion dollars investment in a Belgian refinery
ExxonMobil will invest over 1 billion dollars in the installation of a delayed coker unit at its refinery in Antwerp,…
Petrom’s business dwindle in T1; the group loses the seat of Romania’s leading company
Petrom Group announced the unaudited financial results for the first quarter of 2014, and the figures show that gross profit…
Rompetrol Rafinare invested USD 53 million in revamping a new coker unit from Petromidia
Rompetrol Rafinare, a member company of The Rompetrol Group, has completed the revamp of the coker unit within Petromidia Refinery,…