02.14.2020

OMV Petrom's Petrobrazi refinery has completed a EUR3 million investment in installations allowing it to produce a new marine fuel oil that supports the shipping industry in reducing sulfur emissions, more

11.12.2015

Cigarettes, mineral water, soft drinks and sandwiches are among the best-selling non-oil products available in gas stations with hundreds of suppliers vying for contracts with the main gas station more

07.02.2015

KMG International, the former Rompetrol group, is the largest exporter to Greece in Romania. The oil group, which owns the Petromidia Refinery on the Black Sea coast, shipped more than $200 million more

05.11.2015

OMV Petrom, the largest local oil company, says the number of gas stations it has now is optimal, even though it was looking for buyers for a set of about 100 of them last year. more

02.23.2015

Romanians now pay more than Germans for a fill-up, but earn 5 times less more

12.29.2014

Government anticipates Russian gas delivery issues throughout the winter season, so that electro-thermal power stations running on natural gas and fuel oil will hike their fuel oil stocks, while the more

11.20.2014

State-run harbor operator Oil Terminal (OIL.RO) wants to develop as a center of oil and fuel trade in the Black Sea region, in an attempt to boost the business that has been flat for four years and more

11.11.2014

The price of a gasoline liter in Romania reverted to the level of end-March, with the plummeting crude oil prices canceling the increase of fuel excise duty by 0.07 euros per liter introduced by the more

09.23.2014

The almost EUR1 billion investments carried out in the past two years in two of Romania’s largest refineries, Petromidia and Petrobrazi, are likely to completely wean the local market off imports of more

09.16.2014

OMV Petrom (SNP.RO), the largest local oil company, can produce about 47% of the fuel Romania needs, following completion of the EUR600 million upgrade at its Petrobrazi refinery (Ploiesti). This is more

05.13.2014

KazMunayGas International (the former Rompetrol), Romania's second largest oil group, says the fuel price hike has had a relatively low impact on its sales, with demand in its filling stations sliding more

06.06.2012

No local oil company has announced plans to cut pump prices, despite the drop of the Brent oil barrel below $100 in the past week, to the January 2011 level, and despite the 24% decline recorded since more

02.23.2012

One liter of diesel oil costs 6 lei (almost EUR1.4) at Petrom’s filling stations as of Thursday, a record high level, after the company raised the price by RON0.09 per liter. The gasoline liter is more

01.13.2012

Since the beginning of the year, namely in less than two weeks, gasoline and diesel fuel prices have grown by 3%, with the latest increase operated by OMV Petrom (SNP.RO), the largest company in the more

01.11.2012

The Competition Council on Tuesday delivered the most eagerly awaited verdict of a probe, saying that the major oil companies were guilty of having reached an understanding to withdraw a type of more

09.01.2011

The government will take 1.18 million tons of coal and 134,524 tons of fuel oil form the state reserve, to supply 16 thermal power producers during the winter. more