25 oct 2016

Edward van Kersbergen and Mazarine Energy, the company whose majority shareholder the Dutch businessman is, became the newest oil producer in Romania last week after taking over 19 oil and gas fields more

20 oct 2016

Petrotel Lukoil, the operator of the refinery in Ploiesti held by Russia’s Lukoil, ended the first six months of the year with almost 2.1 billion lei (EUR467 million) revenue, an increase of 8.6% on more

18 oct 2016

Oscar Downstream, the largest independent fuel vendor in Romania, which has built its business on sales of diesel to major commercial customers, believes it could end the year with up to 10% growth in more

4 oct 2016

US industrial giant GE recruited 100 software engineers in Romania in the first half so it now has 1,000 employees in the country. It plans to add 40 more by the end of 2016 and another 100 in 2017. more

29 sep 2016

Anyone looking for some scrap iron from the bankrupt Romanian Authority for Nuclear Activities (RAAN) can come bid at 2.30 p.m. on Thursday. more

20 sep 2016

Linde Gaz Romania, the local subsidiary of Germany’s Linde, world’s largest supplier of industrial gases, says that so far the 2016 business targets have been accomplished and it hopes to see its more

30 aug 2016

MOL Romania, the local subsidiary of Hungary’s MOL group, which has pursued one of the most aggressive expansion policies on the local market, says it is not among the top three fuel retailers by more

29 aug 2016

Azerbaijan’s SOCAR group and Gazprom-held Serbian NIS group were supposed to have more than 400 gas stations in Romania by now, but only have about 50 stations together, according to the latest more

25 aug 2016

The five largest publicly listed energy companies that are either state-run or in which the government still holds a significant stake had 4.39 billion lei (EUR984 million) cash in their accounts at more

23 aug 2016

The Black Sea will most likely become Romania’s busiest site by the end of the decade, as a result the gas reserves found, and Gabriel Comanescu, one of the most important local entrepreneurs, has more

20 iul 2016

ExxonMobil, which signed a deal to explore the deep water sector of the Neptun Block in the Black Sea with OMV Petrom, the only oil and gas producer in Romania in 2008, ended last year with about 321 more

19 iul 2016

Private filling station operator Smart Diesel says it will enter two new markets by yearend in addition to the 15 where its commercial customers can refill using the diesel cards issued by the more

12 iul 2016

Automobile Dacia, the largest company in Romania and also the largest local exporter, will be buying electricity from Czech-held CEZ for one year. more

5 iul 2016

Oscar Downstream, a company selling diesel oil to commercial customers, announces new development strategy and plans to expand into fuel retail, a market of 2,000 gas stations and annual sales of more

13 iun 2016

OMV Petrom, the largest retailer of gas and diesel in Romania, posted about 2.2 billion lei (EUR500 million) revenue from non-oil products and services last year. more

10 iun 2016

Once energy trading heavyweights, the ‘smart guys’ of the sector have become a shadow of the former selves, while Hidroelectrica is preparing to exit insolvency. more

8 iun 2016

Officials of the European Commission’s Directorate General for Competition and of the Competition Council in Romania on June 6 carried out unannounced inspections at the premises of Romgaz, OMV more

7 iun 2016

Cameron Romania, the largest manufacturer of oil industry equipment in the country, posted growth of 6% in 2015, with revenue reaching almost 1.3 billion lei (EUR288 million) and net profit RON332 more

3 iun 2016

The only three operational refineries left in Romania ended last year in the black and the last of them to announce results was Russian-held Petrotel Lukoil. more

1 iun 2016

OMV Petrom, the largest oil and gas group in Romania, went through a profound change of revenue structure last year, when its gas stations became the main revenue and profit generator, while the oil more

26 mai 2016

Last year was the best since 2012 in terms of dividends paid by the companies in which the Energy Ministry is minority or majority shareholder, 1.7 billion lei (EUR377 million). The dividends paid more

17 mai 2016

The most powerful entrepreneurs in Romania’s energy sector expect growth in 2016, and most of them plan to expand on the markets they built their businesses on and diversify their operations. more

16 mai 2016

Tinmar Ind, the largest private energy trader in Romania, posted RON3.19 billion lei (EUR709 million) revenue in 2015, almost 32% higher than in 2014, the company said. more

22 apr 2016

The ranking of the largest suppliers of electricity to the competitive segment – which includes small and large industrial consumers that accounted for more than 60% of the total demand for power, more

20 apr 2016

No company in the oil business was able to escape the fallout of the decline in oil price in 2015, so the ten largest energy industry actors in Central and Eastern Europe ended 2015 with EUR8.5 more