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News in Energy
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Romania’s largest oil company OMV Petrom (SNP.RO) will cut Thursday its gasoline prices by 0.04 lei (EUR1=RON4.1816) per liter. read more...


Romanian natural gas distributors requested a three-stage increase of gas prices by September, in order to cover their losses, Wednesday said Iulian Iancu, president of the Industry and Services Committee within the Chamber of Deputies. read more...


Energy group Enel, which, through the privatisations that it won, became the biggest private distributor of electricity in Romania, says it plans to invest 500 million euros from 2011 through 2015 to install a capacity of 400 MW in wind farms. read more...


European Commissioner for Energy, Gunther Oettinger qualified on Tuesday, the nuclear accident in Japan as an apocalypse, saying that local authorities practically lost control of the situation at the Fukushima plant, AFP informs. read more...


Fukushima nuclear plant operator, TEPCO announced that it withdrew most of its personnel from the affected plant. According to New York Times, there are only 50 workers left that would manage the faults of the cooling system of the all four reactors affected. read more...


Italian utility group Enel plans to invest around EUR800 million in Romania between 2011 and 2015, in efficiency programs and client portfolio expansion, the utility group said in its 2010 financial report Tuesday. read more...


Road carriers are expecting their profits to decline this year because of the increase in fuel prices, with some companies expected to go bankrupt after their earnings were affected by the VAT increase and the leu depreciation last year, as well. read more...


Italian utilities group Enel appointed Luca D’Agnese as chief executive of its Romanian unit, replacing Claudio Zito, whose mandate expired. read more...


The price of crude oil is not yet fully representative of the Middle East turmoil, so it will keep rising to some $150 per barrel, before falling down in the seond half, according to Erste group analysts. read more...


Romanian Competition Council asked the government to extend the deadline by which the authority had to present the conclusions of its investigation on the price increases on the local fuel market, people close to the matter told Mediafax. read more...




Romanian oil company Rompetrol increased fuel pump prices Wednesday by up to 0.09 lei (EUR1=RON4.1869) per liter, a day after OMV Petrom (SNP.RO) operated a similar increase. read more...


The rising gasoline prices are a bad effect of the fact Romania's oil reserves had been ceded in an unfavorable contract, Romanian PM Emil Boc said on Tuesday, quoted by Mediafax. He said the only tool at the hand of the government was to continue checks on the market through the fiscal authority and the Competition Council. read more...


Romania’s largest oil company OMV Petrom (SNP.RO) Tuesday raised its gasoline and diesel oil pump prices by 0.09 lei (EUR1=RON4.2065) per liter, the company said in a statement. read more...


Szabolcs Ferencz, country retail manager with MOL Romania, the fourth largest player on the domestic oil market, says the existence of some domestic hydrocarbon reserves cannot influence pump prices and the states that keep the prices per petrol litre under control are making a major mistake. read more...


Around 80% of energy generating facilities in Romania are outdated, with investments in the sector being needed more than ever before. read more...


Russian group Lukoil eyes the development of renewable energy projects in Bulgaria and Romania, company representative Vasily Zoubakine has told RIA Novosti. read more...


Romania’s planned EUR4 billion nuclear project in Cernavoda will go on with or without new foreign partners, Economy Ministry Ion Ariton said Friday, a few weeks after three key investors have decided to withdraw from the project. read more...


Russian Lukoil and US Vanco International have signed two concession agreements with Romania’s Mineral Resources Agency ANRM, for the exploration and development of two blocks in the Romanian sector of the Black Sea. read more...


Positive news about projects related to thermal power stations, hydro-power stations or nuclear reactors lacked completely in 2010, while wind energy became the new star of the industry. In 2010, 200 windmills were installed in the wake of investments of around 800m euros. read more...


Rompetrol Rafinare (RRC), the main company part of Rompetrol group controlled by Kazakhstan's KazMunaiGaz group, last year reported losses of 669.7m RON (around 159m euros), the biggest in the company's history and one of the biggest losses registered by a Romanian company last year. read more...



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