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

06.24.2015

Energy is one of the few sectors in Romania where companies can still post exponential growth or 'disappear' all of sudden after having grabbed hefty slices of the market. The people who are behind more

06.23.2015

Bucharest-based oil products trader ROTTCO Consult, of low-profile businessman Nicolae Paul Pop, former head of the fuel distribution operations of Rompetrol, posted 521.5 million lei (EUR116.3 more

06.12.2015

SOCAR Romania, part of Azeri oil group SOCAR, posted revenues of 746.3 million lei (EUR170.3 million) in 2014, up 28% from a year before, mainly due to the expansion of its gas stations network, more

06.09.2015

The common denominator for the top players on an over 40 billion lei (EUR9 billion) fuel market with more than 2,000 gas stations was the rise in profits last year, since the sales trend did not more

05.12.2015

An Arad company held by several little known businessmen saw 45-fold growth in revenue from its core business, sale of diesel oil to small and medium-sized transport companies, in 2010-2014. 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

02.18.2015

Romania's government plans to lower excise duties on fuel and alcohol as of 2016, while crude oil locally produced, coffee, jewels, furs and cars will be removed from the category of products subject more

02.03.2015

Romania’s fuel market is likely to stagnate or see a slight growth in 2015, backed by an increase in new car sales, MOL Romania Chief Executive Officer Kinga Daradics told a press conference more

01.08.2015

More than 70% of the monthly consumption expenditures of a Romanian household go to food, utilities and fuel. Conversely, the least money, 0.5%, is spent on education. 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

10.29.2014

Hungary’s oil group MOL says that after acquiring the 42 Agip filling stations through which Italy’s ENI was still present in Romania it will reach a network of almost 190 stations, but that a more

09.26.2014

Romania's Agriculture ministry will continue to subsidize the rise in diesel fuel excise duties in 2015 and the measure is to be approved by government decision in the following weeks. 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

09.15.2014

For Rompetrol, Romania’s second largest oil group, the option of buying gas filling stations is now more likely because only one of the 15 gas stations the company was planning to open this year has more

08.31.2014

Five companies owned by Romanian entrepreneurs in 2013 raked in almost EUR1 billion from fuel trade and four of them have just 360 employees overall. Romania has only 50 domestic-held companies with more

08.21.2014

Companies such as Smart Diesel, Turist Service, Rombeer Cringasu or Alsacom, run by little known businesspeople, have been striving to resist competition from companies such as OMV Petrom, Rompetrol, more

08.19.2014

Romania used 3.2% less electricity in the first half, as well as 4.7% less natural gas and almost 3% less fuel. more

08.18.2014

The takeover of the 42 Agip gas stations that Italy’s ENI had in Romania helped Hungarian-held MOL consolidate its position in the south of the country and expansion plans will continue, says Kinga more

06.19.2014

KMG International NV, a unit of Kazakhstan’s state-run KazMunayGas, is asking for upfront payment for fuel deliveries to Ukraine, amid growing economic instability in the country following tensions 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