02.27.2012

The largest 15 companies controlled by the Economy Ministry posted 23 billion lei (EUR5.3 billion) in revenue last year, up 15% on 2010. The highest increases were those of the energy complexes in more

02.23.2012

Romanian natural gas producer Romgaz Medias Thursday said its net profit rose 17% to approximately 762 million lei (roughly EUR180 million) in 2011, on higher sales. more

02.17.2012

Romanian natural gas producer Romgaz Medias Friday said its gas imports increased by 40% in the first half of the month to meet the growing demand following extremely cold temperatures. more

02.01.2012

The Economy Ministry has appointed Dumitru Chisalita to act as the interim manager of state-run natural gas producer Romgaz Medias, after Marcel Piteiu was suspended pending an inquiry into more

01.30.2012

Romanian state-run natural gas producer Romgaz Medias has awarded an 88.26 million lei (EUR20.3 million) contract to INSPET Ploiesti to upgrade its storage facility in Bilciuresti locality, Dambovita more

01.24.2012

A consortium including US bank Goldman Sachs and Austria’s Erste Bank AG will broker the sale of a 15% stake in Romanian natural gas producer Romgaz, sources in the capital market told Mediafax more

01.18.2012

Romanian Economy Ministry Ion Ariton Wednesday suspended Marcel Piteiu from his position as general manager of natural gas producer Romgaz, pending an investigation into allegations of undermining the more

01.16.2012

Three consortia including large financial groups - JP Morgan, Goldman Sachs and Citibank - as well as local brokerage firms, Monday filed bids to broker the listing of gas producer Romgaz, Romania’s more

01.11.2012

Three consortia including US banking corporations JP Morgan, Goldman Sachs and Citibank will submit offers to broker the sale of a 15% stake in Romanian natural gas producer Romgaz, sources in the more

12.28.2011

Romania’s Economy Ministry has extended until January 16 the deadline by which companies can bid to broker the floating of a 15% stake in state-owned natural gas producer Romgaz. more

12.15.2011

The government has scheduled to sell 15% in Transelectrica (TEL.RO), Transgaz (TGN.RO) and Romgaz by mid 2012. Hidroelectrica and Nuclearelectrica should follow in the fall. more

12.09.2011

The Romanian Economy Ministry will sell a 15% stake in natural gas producer Romgaz by end-June 2012, according to the government’s latest letter of intent to a EUR3.5 billion loan agreement with the more

12.05.2011

The consultant developing the feasibility study for gas route AGRI (Azerbaijan-Georgia-Romania Interconnector) will be selected in an auction held by the end of this year, according to Romanian more

12.02.2011

Romanian natural gas producer Romgaz Medias has awarded over 1,300 public procurement contracts worth 576.5 million lei (EUR132.4 million) in the first eleven months of 2011, largely for drilling more

11.28.2011

Brokers wishing to intermediate the listing of a 15% stake in Romanian state-owned gas producer Romgaz Medias can bid in the auction until December 29, the Economy Ministry said Monday in a news more

11.07.2011

Romanian natural gas producer Romgaz Medias will hold an open auction on December 19 to award a 50.5 million lei (EUR11.6 million) prospection contract. more

10.25.2011

Romanian natural gas producer Romgaz Medias Tuesday said its net profit more than doubled to 677.7 million lei (roughly EUR157 million) in the first eight months, on lower costs. more

10.05.2011

Romania's Government has added five years to the oil drilling rights held by gas company Romgaz on a surface of 16,200 square kilometers and has signed seven exploration agreements with foreign more

09.27.2011

Romanian gas producer Romgaz is analyzing various ways to diversify natural gas imports, including from the Caspian Sea and Western Europe, gas sales director Dumitru Chiselita said Tuesday. more

09.19.2011

Romgaz Medias, Romania’s largest natural gas producer, is looking at a number of solutions it might use to boost its drilling operations as the production volume estimated for this year is 10% lower more

09.08.2011

Romania’s mineral resources agency ANRM has agreed to extend by five years the exploration license for eight onshore fields leased to natural gas producer Romgaz Medias, the agency’s head more

09.07.2011

Romanian natural gas producer Romgaz Medias was selected to attend an international auction for 12 oil and gas exploration blocks in Iraq, people familiar with the matter said Wednesday. more

08.24.2011

The 20 most profitable companies in Romania posted cumulated net profit of EUR1.77 billion in 2010, up 2.3% against the previous year, shows a Ziarul Financiar analysis of the financial statements more

08.19.2011

Romanian state-run natural gas producer Romgaz Medias has requested approval from the National Mineral Resources Agency (ANRM) to extend until 2014 its exploration license on eight onshore fields, the more

08.08.2011

Romania's Economy Ministry has selected international law firm Salans to provide consultancy services for the sale of a 15% stake in natural gas producer Romgaz Medias, the law firm said in a more