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

04.24.2015

Trans-Oil group, controlled by Georgian-born US tycoon Vaja Jhashi, budgeted $200 million investments in the Romanian agriculture sector, following its acquisition of vegetable oil plant Ultex last more

04.09.2015

Oil and gas producers have had to cut investments due to the sudden drop in oil price, which translates into a lower demand for drilling equipment, pipes and drilling services. more

03.28.2015

Romania’s underground still conceals over $200 billion worth of oil, even after 150 years of production, but increased competition, through the emergence of several small players, is needed to take more

03.27.2015

Hunt Oil Company of Romania, a unit of Texas-based oil group Hunt Oil, plans to contract 3D seismic prospecting services in Adjud (Vrancea County), on an area of nearly 230 square kilometers, through more

03.13.2015

Romania’s diesel oil exports reached EUR2.4 billion last year, with 1.47 million tons shipped abroad in January-November, the highest level since 2008 and 70% more than in 2013. more

03.12.2015

From 2008 to 2013, Romania lost 10,000 jobs in the refining industry, a period during which oil processing capacity halved as Arpechim and Rafo Onesti, some of the biggest local refineries were shut more

03.10.2015

Trans-Oil, the business controlled by millionaire Vaja Jhashi and the biggest agri-business group in the Republic of Moldova, took the first step to erect a silo that can store 20,000 tons of oilseeds more

03.02.2015

“To me, Petrom is more than just a company. It is a passion”. These are the words of Mariana Gheorghe, who became chief executive officer of OMV Petrom (SNP.RO), the only oil and gas producer in more

02.23.2015

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

02.19.2015

Romanian oil and natural gas company OMV Petrom (SNP.RO), part of Austrian group OMV, will demolish a part of constructions and installations on the platform of its Arpechim refinery in Pitesti, in more

02.16.2015

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) reported revenue worth RON106.14 million (EUR23.9 million) in 2014, up 4.2% from RON101.83 million a year earlier. more

02.06.2015

Adrian Porumboiu, the entrepreneur who spent the last twenty years building one of the largest Romanian farming businesses, is now looking for solutions to reduce exposure to the sector, which is more

01.12.2015

The price of a liter of gasoline went below the threshold of RON5 in Bucharest, after an over 20% decline from the July peak. While this is good news for drivers, analysts are warning there are also 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

12.23.2014

U.S. Weatherford group, an oil and gas industry equipment and service business, might sell one of its companies in Romania, Foserco Targu Ocna, which specializes in onshore drilling. more

12.22.2014

Romanian antitrust authorities have fined oil drilling companies Dafora Medias, Upetrom 1 Mai, Foraj Sonde Craiova and Foraj Sonde Targu-Mures a total of EUR3 million for rigging auctions for drilling more

12.22.2014

The decrease of oil price by nearly 50% compared with June will trigger a lower inflation, an increase of the coal price or a lower price for petro-chemical products, according to Florin Hantila, more

12.22.2014

Around 58% in the price of one liter of gasoline and 54% of the diesel oil price are going to the state under the form of the excise and VAT. At this moment, gasoline prices reached some 5.25 lei, more

12.17.2014

OMV Petrom (SNP.RO) and Hunt Oil Company of Romania announced the discovery of a crude oil and gas reserve in southern Buzau county, following a joint exploration investment that amounts to EUR5 more

12.11.2014

A liter of gasoline can be bought in Romania for 5.52 lei, just like in October 2011, as the crude oil prices plummeted by 40% in less than half of year from the $115 high of June. more

12.03.2014

The royalty system for the oil industry will remain unchanged next year and changes will be considered afterward, minister-delegate for the Budget Darius Valcov said Wednesday. more

12.02.2014

Real estate development and consultancy, and metalworking are the sectors with the biggest losses, while oil and gas extraction and trade operations were the most profitable in 2013, according to a more

11.24.2014

The plant US-held Lufkin opened in Ploiesti has been exporting oilfield equipment to various parts of the world from North America to Africa for more than a year now. The plans are to boost production 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