01.07.2013

UniCredit Tiriac Bank granted a EUR16.5 million loan to Romanian liquid petroleum gas (LPG) distributor Crimbo Gas International. more

12.28.2012

Gazprom, the world’s largest natural gas producer, wants to open 50 filling stations in Romania by the end of next year, after the recent opening of its first station on the local market, in the more

12.27.2012

Romanians will face new challenges next year when several measures approved by the local authorities will take effect, most concerning price increases. more

12.24.2012

Rompetrol, the second largest local oil company, says it could open about 30 new gas stations built from the ground up in 2013. It also does not rule out acquisitions. more

12.22.2012

Romanian Minister-delegate for Energy Constantin Nita said Saturday Romania should increase royalty rates for oil and natural gas to at least 20-30% to reach European Union levels. more

12.21.2012

Gazprom, the largest natural gas producer in the world, is about to complete work on its first gas pump station in Romania. more

12.20.2012

Romania’s new government program mostly targets projects unaccomplished by the former executives over the last 10 years, and aims to reinstate an authority with tasks in the sector of energy more

12.12.2012

Romanian domestic natural gas prices will increase by 19.4% for both thermal energy producers and household consumers by the end of 2014, according to a draft decision from the Economy Ministry. more

12.11.2012

Hungary’s oil and natural gas company MOL said Tuesday it invested about EUR1 million in a new gas station in Romania, expanding its local network to 134 units. more

12.10.2012

Romanian energy regulator ANRE will allow gas suppliers to include in gas delivery tariffs the energy efficiency investments that reduce gas bill costs. more

12.07.2012

Natural gas exports from Romania towards European Union member states will be possible starting with the second half of 2013, the country’s energy regulator ANRE head Nicolae Havrilet told MEDIAFAX. more

11.28.2012

The biggest of the 9,000 wells that OMV Petrom (SNP.RO) drills in 240 commercial oil and gas fields can be found in the Black Sea, an area that already generates 20% of the company’s hydrocarbon more

11.27.2012

Romania might extend the liberalization of natural gas prices until 2019, depending on the evolution of gas prices and household income, the country’s energy regulator head Nicolae Havrilet said more

11.27.2012

Ioan Niculae, owner of the InterAgro group, will open five Bif-branded gas stations next year in the town of Zimnicea, where the group’s headquarters is located. more

11.22.2012

Romania must exploit shale gas if geological prospecting indicates the existence of significant reserves, said Gerhard Roiss, chief executive officer of Austrian oil and gas group OMV. more

11.07.2012

Riot police used tear gas to disperse angry farmers protesting Wednesday outside the government headquarters in Bucharest after demonstrators started throwing security fences at the police. more

10.31.2012

Romania is no longer willing to sell 10% of oil company OMV Petrom (SNP.RO) considering the latest developments regarding gas extraction in the Romanian sector of the Black Sea, President Traian more

10.29.2012

MOL Romania, the local unit of Hungary’s oil and natural gas company MOL, Monday said it has invested EUR1.3 million in two new gas stations in Romania, bringing its local network to 133 units. more

10.17.2012

Romania will be able to export natural gas starting 2013, once it removes all technical restrictions, Economy Ministry state secretary Rodin Traicu said Wednesday. more

10.07.2012

Gas extraction in the Romanian sector of the Black Sea is likely to start towards the end of the decade and the gas deposit might eliminate the country’s dependence on gas imports, Mariana Gheorghe, more

10.04.2012

New wells are being dug by the world’s major oil players, but the first signal came from Romanian field Neptun, where Petrom and US ExxonMobil have already found a gas accumulation worth EUR17 more

09.27.2012

Romania’s second-largest oil group Rompetrol plans to expand its local gas stations network by 150 units over the next five years, chief executive officer Zhanat Tussupbekov said Thursday. more

09.19.2012

Romania’s government Wednesday said it will launch renegotiations with Russia on several agreements regarding natural gas transportation on Romanian territory, after the European Commission has more

09.12.2012

Lithuania and Romania will work together to identify and secure an alternative route of natural gas supply to the Russian pipelines, the president of the Baltic nation said Wednesday. more

09.10.2012

Romanians spent about EUR13 billion on loan installments, fuel, alcohol, cell phone bill and cigarettes, about half or 46% of the total net wages and pensions collected in 2011. The rest of it went to more