20 dec 2013

Investments in the construction of solar farms which became operational between January and November this year exceeded EUR1 billion. more

19 dec 2013

The year 2013 looked like it was going to be a bumpy year right from the start. Rumors about the reduction of the green power support scheme, which attracted more than EUR4.5 billion investments in more

18 dec 2013

The modification of the clean energy support scheme as of January 1, 2014 will only affect those power generation facilities starting operation on or after that date, Romania’s energy market more

11 dec 2013

Schlumberger group, the world’s largest provider of technology and solutions for oil and gas companies, has reached 450 employees in Romania after opening a services center with 170 employees in May more

10 dec 2013

Tinmar Ind, the largest private electricity trader in Romania, posted revenues of over 1.2 billion lei (EUR270 million) in the first nine months of the year, 24% more than in the year-ago period. more

9 dec 2013

Electricity supply in Romania was shut off for an average of ten hours and a half last year, almost one and a half hours more than in the previous year, and affected about 9 million consumers. more

9 dec 2013

Romania’s largest oil and gas company OMV Petrom (SNP.RO) operates the biggest local gas station network, and rivals Rompetrol, MOL and Lukoil either decided to fight it directly or strengthen more

2 dec 2013

Kinga Daradics is 32 and at the age of 30 she took over as head of MOL Romania, a business with a turnover of EUR930.5 million, 141 filling stations and a net profit of EUR17 million on a market where more

25 nov 2013

OMV Petrom (SNP.RO), the largest company in Romania, will drill a second deep-water exploration well in the Romanian section of the Black Sea towards the end of the second quarter of next year. While more

18 nov 2013

The 860-megawatt gas-fired power plant operated in Brazi by oil and natural gas company OMV Petrom (SNP.RO) sold 54% of its first-year production on the regulated market where households and small more

15 nov 2013

Large natural gas consumers in Romania say they are now tracking every cent they spend to avoid dropping below the breakeven point, as the deregulation of natural gas tariffs during the crisis is a more

14 nov 2013

Corporate energy consumers say their energy bills have fallen by around 5% to 10% since the beginning of the year, while the price of energy traded through bilateral contracts on energy exchange OPCOM more

14 nov 2013

State-owned power supply and distribution company Electrica Furnizare, posted 2.4 billion lei (EUR540 million) revenue in the first half of 2013, up 11.5% on the year-ago period, according to the more

12 nov 2013

Romania is one of Europe’s richest countries in terms of energy resources, ranking fifth among oil and natural gas producers and sixth by coal production. more

7 nov 2013

The announcement of a tender for the new energy strategy has been launched and is the first step towards devising the document outlining the development of a very important sector of Romania’s more

6 nov 2013

Analysts say the new taxes to be levied as of 2014 will indirectly also affect the population, leaving less money in Romanians’ pockets for consumption. more

5 nov 2013

Eric Stab, chairman and chief executive officer of GDF SUEZ Energy Romania, the largest local gas distribution company, says the country’s gross domestic product should increase by at least 3% for more

31 oct 2013

The price of electricity traded on the spot market of the OPCOM energy exchange in the first nine months reached an average of some EUR34/MWh, a 30% decline on the year-ago period. more

28 oct 2013

Green power producers and especially owners of wind and solar farms already have EUR45 million to recover for the three months since the government changed its support scheme. They will get the money more

25 oct 2013

The liquefied petroleum gas (LPG) market has held out better in crisis than gasoline and diesel oil– last year LPG sales totaled around EUR500 million, show ZF calculations based on data from market more

24 oct 2013

Businessman Valer Blidar, one of the few industrialists of Romania, who owns railcar maker Astra Vagoane Calatori in Arad, has recently won a contract worth about EUR73 million to supply railcars to more

23 oct 2013

Independent gas stations hold 10% of Romania’s gasoline and diesel oil market, estimated by ZF at $5.5 billion (EUR4.5 billion) last year. more

17 oct 2013

Oil giant Saras, a business of around EUR12 billion chaired by Massimo Moratti, says it has suspended the authorization process for a EUR200 million wind project it planned to build in Constanta, more

14 oct 2013

Gabriel Comanescu, the businessman who controls offshore drilling company Grup Servicii Petroliere (GSP), say he wants to double his offshore rig fleet from the current six units and add two vessels, more

14 oct 2013

The coal sent from the US, a country that is now relying on the cheap shale gas, have caused some of the state-of-the-art European gas-fired thermoelectric power plants to lose ground to those running more