Browsing: Romania

In 2020, Rompetrol Rafinare, a member company of the KMG International Group, recorded a 220.1 million dollars net loss, compared to a 48.9 million dollars net…

In 2020, Romanian electricity distributor and supplier Electrica has recorded a net profit in the amount of some 80 million euros, which is by 87.5 %…

Austria’s largest producer of renewable electricity Verbund is developing a European project named “Green Hydrogen @ Blue Danube” for the production, transport and use of green…

ExxonMobil announced in November 2019 its intention to sell the stake in the Neptun Deep project, which holds the largest offshore gas reserves found in Romania’s…

In the Romanian Satu Mare perimeter, Moftinu-1008 well flowed 4 million standard cubic feet of oil or approximately 667 barrels of oil equivalent per day on…

In October 2020, it was announced that Romania and the United States will sign cooperation and financing agreements worth 8 billion dollars for the modernization of…

Romanian electricity producer Nuclearelectrica, the operator of the country’s sole nuclear power plant Cernavoda, said that it has recorded a net profit in the amount of…

Since the end of 2018, the National Regulatory Authority for Energy (ANRE) removed a total capacity of 4,400 non-functional MW, which decreased the country’s total available…

In 2020, Romanian state-owned natural gas producer Romgaz has recorded a net profit in the amount of 257 million euros, which is a 15 % year-on-year…

The Bucharest district heating system is the largest in size in the EU, and the second largest in the world, serving 1.2 million inhabitants, covering around…