09.04.2012

One liter of diesel oil in Romania was more expensive at the end of last month than in Luxembourg, despite the fact that a Luxembourger makes almost EUR2,300 per month, while an average Romanian earns more

08.23.2012

Romania’s planned tax on extraordinary revenues in the natural gas and electricity market will be implemented as of January 2013, according to the country’s latest memorandum of economic and more

08.16.2012

Heating bills in Romania’s capital Bucharest will remain unchanged despite a planned 10% increase in natural gas prices as of September, an official with the Economy Ministry said Thursday. more

08.15.2012

Ukraine has selected a consortium formed of ExxonMobil, Shell, Romania’s OMV Petrom (SNP.RO) and Nadra Ukrainy national joint-stock company for hydrocarbon exploration in the Skifska field on the more

08.14.2012

Romanian natural gas prices will increase by 5% for household consumers and by 10% for non-residential clients as of September, an official of the International Monetary Fund said Tuesday. more

08.07.2012

Romania's Competition Council Tuesday said it is looking into the takeover deal of Petrom LPG, a subsidiary of Romania’s largest oil company OMV Petrom (SNP.RO), by Crimbo Gas International. more

07.20.2012

Romanian leading oil company OMV Petrom (SNP.RO) reported a 35.6% decline in natural gas sales volumes to 11.16 Terawatts per hour in the second quarter, largely due to restructuring at its Petrobrazi more

07.18.2012

Romania’s Competition Council said Wednesday it has authorized the takeover of three independent gas stations located in Arad and Sibiu by firm Nis Petrol, member of Russian group Gazprom. more

07.18.2012

Romania’s natural gas pipeline system expanded by 955 kilometers to 35,680 kilometers in 2011, data from the statistics institute INS showed Wednesday. more

07.16.2012

Azeri state-run oil company SOCAR on Monday opened a gas station in Suceava county, bringing its network in eastern Romania to 13 units. more

06.30.2012

Gas prices for household consumers will increase by 10% both in 2013 and in 2014 and by 12% annually between 2015 and 2018, through quarterly adjustments, according to the calendar for deregulating more

06.18.2012

Unconventional gas, including shale gas, may relieve Romania of its dependence on Russian gas imports, which currently covers some 20-30% of national consumption, Monday said Radu Gheorghe, more

06.06.2012

Romania’s Prime Minister Victor Ponta on Wednesday said he will pay an official visit to Austria on June 18 for talks on gas price deregulation with representatives of Austrian oil and gas companies more

06.05.2012

Romanian natural gas consumption fell 2% to 17.8 million megawatt hours in the first quarter, from 18.5 million MWh in the year-earlier period, the country’s energy regulator ANRE said in a report more

06.05.2012

Almost one year since becoming chief executive of OMV, Gerhard Roiss gives a few clues about the prospects of Romania's largest oil and gas producer, Petrom, as well as its future challenges. more

05.31.2012

Romania’s second largest oil group Rompetrol has opened three new gas stations in Georgia, bringing its local network to 68 units, the group said Thursday. more

05.30.2012

Romania's Government on Wednesday approved the construction of a pipeline linking the Romanian and Moldovan natural gas transport systems, between Iasi and Ungheni, Prime Minister Victor Ponta more

05.29.2012

Romgaz Medias, Romania’s largest gas producer and the most profitable state-run company, last year reached a net profit of over 1 billion lei (around EUR0.22 billion), 35% more than the preliminary more

05.28.2012

Romania’s Government has pledged to gradually eliminate regulated natural gas prices for industrial consumers until the end of 2014, but it could extend the period until the end of 2015 if there was more

05.28.2012

Romanian authorities plan to set up a trading exchange in the natural gas market by January 2013, according to a memorandum signed with the International Monetary Fund. more

05.25.2012

Romanians pay almost twice as much for electricity when adjusted for purchasing power as the Finns or the French, official data showed Friday. more

05.25.2012

Romania’s Competition Council said it will finalize in the upcoming months the antitrust inquiry set off last year on the local gas market regarding a potential conspiracy between several companies more

05.23.2012

The European Commission formally notified Romania it has filed legal action with the EU Court of Justice over the country’s faulty natural gas cross-border trade regulations, Romanian Prime Minister more

05.21.2012

Romanian Economy Minister Daniel Chitoiu and U.S. Ambassador to Bucharest Mark Gitenstein decided to set up a Romanian-U.S. expert workgroup tasked with analyzing the impact of shale gas exploitation more

05.18.2012

Romanian President Traian Basescu said Friday Romania must develop a strategy to explain to the public that shale gas exploitation does not pose major risks. more