03.20.2014

Azeri oil company SOCAR invested over EUR1 million in a gas station in Cluj-Napoca, reaching a 27-gas station network in Romania. more

03.18.2014

Between 2007 and 2013, Romania paid $7 billion to the intermediaries of Russia’s gas giant Gazprom for the natural gas imported from Russia. In the past, Russian gas covered one quarter of the local more

03.18.2014

The upcoming price hike for natural gas from domestic production, of 24% starting April 1st, has not prompted large consumers to tap gas bourses in search of a better price. more

03.17.2014

The Romanian industry will get a double blow on April 1 with the introduction of the additional EUR0.07 excise duty per liter of fuel devised by Ponta Government to boost budget revenue and the rise more

03.05.2014

Oil company NIS Petrol, controlled by Russian giant Gazprom, says it wants to end 2014 with 30 filling stations in Romania, double the current number, and revenue of 20-25 million euro. more

03.03.2014

After the failure of the Nabucco pipeline project, Romania needs to turn to another source of natural gas, which is closer to home. more

02.27.2014

Romania’s largest industrial companies say there is no use for the country to have natural gas resources if they cannot be used for competitive production. more

02.25.2014

Romania’s natural gas transmission network is outdated and must be upgraded to allow increased flows from the Black Sea fields, state-run gas transporter Transgaz (TGN.RO) said Tuesday. more

02.25.2014

Romania is nowhere near becoming a natural gas El Dorado, even if it were to capitalize on its yet untapped shale gas and hydrocarbon deposits, tax and consultancy firm PwC Romania said Tuesday. more

02.25.2014

Romania still has room for other fuel distributors on the local profile market whose structure will see some changes, NIS Petrol Romania deputy general manager Ileana Sorina Baltatu said Tuesday at more

02.24.2014

Romanian OMV Petrom Gas, a unit of the country’s largest oil and gas group OMV Petrom (SNP.RO), last week sold natural gas worth 8.5 million lei (EUR1.88 million) on the national commodities more

02.20.2014

Azeri state-run oil company SOCAR will open Friday two new gas stations in the cities of Oradea and Timisoara, following EUR2 million investments, thus reaching a 27-unit network in Romania. more

02.19.2014

One in four liters of gas or diesel oil purchased in Romania comes from Petromidia refinery, the main asset controlled by Rompetrol, the group owned by Kazak state-owned company KazMunaiGas. more

02.17.2014

State-owned oil companies of Kazakhstan, Azerbaijan and Russia came to control half of network-affiliated gas stations on the Romanian market. more

02.14.2014

Azeri state-run oil company SOCAR opened its first gas station in Bucharest Friday and wants to reach a network of 35 gas stations in Romania in 2014, from 25 units currently. more

02.14.2014

Romanian producers and distributors of natural gas could be forced by law to sell on the local commodities market 20% to 30% of the volumes produced or proposed for distribution, minister delegate for more

02.12.2014

Azeri state-run oil company SOCAR opened four new gas stations in Romania following investments of EUR4 million and expanded its local network to 24 units. more

02.07.2014

MOL Romania, the local subsidiary of Hungarian oil group MOL, opened four new gas stations in Romania, following an investment of EUR1.3 million, reaching a countrywide network of 147 units. more

01.23.2014

Romania paid some $497 million to the intermediaries of Russia’s gas giant Gazprom for the 1.19 billion cubic meters of natural gas imported in 2013, almost 50% less than $959 million paid in 2012. more

01.20.2014

MOL Romania, the fourth largest oil company in the country, has opened three new gas stations since the start of 2014 and says it will continue expansion so as to reach 15% market share on the more

01.14.2014

Petrom and Romgaz, the largest hydrocarbon producers in Romania, paid royalties of some 500 million lei (EUR115 million) to the state budget in the first six months of 2013, according to data provided more

01.13.2014

Romania could complete its natural gas deregulation program for industrial consumers several months before the October 2014 deadline agreed with the International Monetary Fund, the head of the more

01.09.2014

Shareholders of gas route project Azerbaijan-Georgia-Romania Interconnector (AGRI) would have a meeting this year to decide whether they continue the investment or not, Romanian Minister Delegate for more

01.06.2014

The Romanian state and oil and gas producer OMV Petrom (SNP.RO) are bracing for tough negotiations in 2014 over the royalties charged for Petrom’s oil and gas, Petrom and Exxon will drill their more

12.19.2013

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