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Energy & Environment
Hungary Opposes Gold Mining Proj In W Romania But It’s Romania’s Decision
Thursday, February 25, 2010
Hungary’s ambassador to Bucharest, Oskar Fuzes, told a news conference Thursday Hungary opposes the gold mining project in Rosia Montana in western Romania, but underscored the decision belongs to Romanian authorities. Asked what Hungary thinks about the gold mining project in western Romania, Fuzes said "No, no, no. No way!" He said Hungary has bitter memories from a cyanide spill ten years ago from a gold mine in Baia Mare, northern Romania. On the night of January 30, 2000, a ...
Redundant mining sector staff to work for development of road infrastructure
Thursday, February 25, 2010
Ministry of Economy, Trade and Business Environment (MECMA) plans to find a solution to the issue of mining sector redundancies by creating jobs in order to develop the infrastructure in Jiului Valley, announced on Thursday Minister Adriean Videanu during the meeting with the economic counselors abroad.'In Jiului Valley zone, through infrastructure development, a number of 1,000 jobs might be created. At the beginning of March we will go to Jiului Valley to find out solutions to ...
Oprea (Hidroelectrica): Investments in hydroelectric power stations must continue
Thursday, February 25, 2010
Investments in the hydroelectric power production must carry on, especially given that Romania developed only 50 percent of its hydro-energetic potential, Traian Oprea, Hidroelectrica deputy general manager told Agerpres.'While Hidroelectrica made a 30-40 million euro investment in 2003, it has constantly made investments of over 300 million euros starting with 2005. It is the duty of any government to have a keen interest in hydropower, particularly that Romania as an European ...
Gazprom technicians delegation to visit Romania in March
Thursday, February 25, 2010
A delegation of Gazprom technicians will visit Romania in March to examine the possibilities for cooperation between Romania and Russia on South Stream project, after the Russian side officially invited Romania's Transgaz company to take part in the project, Minister of Economy, Trade and Business Climate Adriean Videanu told a news conference on Friday.'Romania will be interested in analysing any initiative likely to contribute to the energy safety of Romania and of the European ...
First new wind farm in Romania
Thursday, February 25, 2010
Since mid-December 2009, the first four E-53 wind turbines have been up and running at the “Mihai Viteazu” wind farm approx. 50 km north of the Romanian harbour town of Constanta. In 2010, a total of 35 of these wind turbines are to be installed here and in neighbouring wind farms. “With the first section of Mihai Viteazu, ENERCON is the first manufacturer to have installed and connected a wind farm comprising of brand new wind turbines in Romania,” announced ENERCON Sales Engineer Florian ...
Oprea: Electricity price in future national companies basket at 42-43 euros a MWh
Thursday, February 25, 2010
The studies conducted for the future power companies - Electra and Hidroenergetica respectively - have led to the conclusion that the electrical energy basket price will be some 42-43 euros a megawatt hour (MWh), Hidroelectrica deputy managing director Traian Oprea told Agerpres on Friday.'The price is set up based on the costs, and that basket will be formed after the costs of each member of the new national power companies. The studies made on the issue of the two companies put ...
Romania's coal production down 11.8 percent in 2009
Thursday, February 25, 2010
Romania's production of net coal amounted to 5.855 million tonnes of oil equivalent (toe), in 2009, that is a drop by 11.8 percent (or 783,200 toe) compared to the previous year, according to data centralized by the National Institute of Statistics.In 2009, Romania imported 664,700 toe of net coal, by 1.411 million toe (68 percent) less than the amount imported in 2008. According to a statistic made public by British Petroleum, Romania's coal production totaled 6.5 million toe in 2008, down ...
Romania imports 55 percent less natural gas
Thursday, February 25, 2010
In 2009 Romania imported natural gas amounting to 1.614 million tonnes of oil equivalent, by 55 percent (1,971 million tonnes of oil equivalent) less than in 2008, according to data centralized by the National Institute of Statistics. In the above-mentioned span of time the domestic production of natural gas totalled 8.779 million tonnes of oil equivalent, by 4.9 percent (455,500 tonnes of oil equivalent) less than the one in the previous year.According to some statistics of British ...
Oil imports down by 18 percent in 2009
Thursday, February 25, 2010
In 2009 Romania imported crude oil amounting to 6.894 million tonnes of oil equivalent, by 1,525 million tonnes of oil equivalent (18.1 percent) less than the previous year, according to data centralized by the National Institute of Statistics. Last year the oil production totalled 4.195 million tonnes of oil equivalent and was by 4.5 percent (199,400 tonnes of oil equivalent) lower than the one in 2008. In 2008 Romania came eighth in the classification of oil producers in Europe and ...
Tudor Serban: AGIR project might be done faster than Nabucco
Thursday, February 25, 2010
The AGIR (Azerbaijan-Georgia-Romania) Project for the natural gas transport from the Caspian Sea to Europe, from Azerbaijan, through Georgia, to Romania could be finished faster than the Nabucco gas pipeline project, State Secretary with the Ministry of Economy, Trade and Business Environment Tudor Serban told an ISPE seminar, on Tuesday.'The AGIR (Azerbaijan-Georgia-Romania) project could be accomplished faster than the other international projects such as that which Romania is ...
Romania, Georgia, Azerbaijan To Ink Gas Deal In March
Thursday, February 25, 2010
Romania, Georgia and Azerbaijan will sign in March an agreement for the construction of two liquefied natural gas (LNG) terminals in the Romanian southeastern Constanta seaport and a location in Georgia, an investment estimated at EUR4 billion to EUR6 billion. This tri-party agreement will turn Romania into an important energy hub in Europe, Economy Ministry secretary of state Tudor Serban said Thursday. Serban said the LNG terminals will transport between three and eight billion cubic ...
Construction of NPP units 3 and 4 to start in 2011
Thursday, February 25, 2010
The construction works for the Cernavoda nuclear power plant units 3 and 4 will start next year, according to Dan Ionescu, chief executive of EnergoNuclear, the company responsible for the construction, commissioning and operation of the two units. “The construction of the project will begin in 2011: acquisitions, engineering and construction”, said Dan Ionescu .Adrian Borotea, corporate affairs director of CEZ Romania, one of the joint venture partners, said the works for the ...
Rompetrol Well Services’ 2009 revenues down by a third
Thursday, February 18, 2010
Rompetrol Well Services, the well services division of Rompetrol, said its 2009 net profit fell 43% from a year earlier to 13.66 million lei, on 34% lower revenues.In 2008, the company reported a net profit of 24.16 million lei.Rompetrol Well Services’ revenues fell by a third in 2009, to 68.77 million lei (€16.22 million), from 104.86 million lei 2008.The company has share capital of 27.82 million lei, divided into 278.19 million shares at a face value of 0.10 lei. The majority shareholder ...
Romania - highest price rise in fuel, in Europe
Thursday, February 18, 2010
The rise in the price of the gasoline sold in Romania was the highest compared to all the EU member countries, in 2009, European statistics say.Thus, according to the data, the gasoline's price went up by round 38 percent, over Jan-Dec 2009, which means double compared to the average price rise in Europe.With such a percentage, the price rise in Romania tops that in countries such as Germany or France, where the oil imports cover over 90 percent of the consumption, compared to ...
Over 3,500 employees of public energy companies to be dismissed in 2010
Thursday, February 18, 2010
As many as 3,545 employees of eight energy companies that are subordinated to the Ministry of Economy, Trade and Business Environment will be dismissed in 2010, according to a Government resolution published on Monday in the Official Gazette.The largest number of dismissals are provided for by the Compania Nationala a Huilei SA in Petrosani (southern Romania): 1,600 collective dismissals throughout this year.As many as 500 employees will be dismissed from Electrocentrale ...
EC Report: Southern Romania Among EU Regions With High Nitrate Level In Groundwater
Thursday, February 18, 2010
Southern Romania is one of the areas in the European Union where groundwater contains a high concentration of nitrates, according to a report on the implementation of the Nitrates Directive, published by the European Commission. "The agricultural use of nitrates in organic and chemical fertilizers has been a major source of water pollution in Europe," the report says, adding that while "nitrates are a vital nutrient to help plants and crops grow, high concentrations are harmful to people ...
MOL Romania sees profit up 45pc and turnover down 23
Thursday, February 18, 2010
MOL Romania, the local subsidiary of Hungarian petroleum group MOL, one of the leading players on the Romanian fuel distribution market, posted an over 45 pecent profit rise last year against 2008 despite an almost 25 percent lower turnover, the Ziarul fianciar daily informs on Tuesday. MOL holds a chain of 126 petrol stations on the Romanian market. The main factors behind the company's turnover decline were the depreciation of the Romanian against the European currency, and the ...
The Times: Romania might host a nuclear waste deposit for EU
Thursday, February 18, 2010
Nuclear waste from the EU might be deposited in Eastern Europe. According to the plans considered at the level of the Union, the waste will be buried in a central underground installation, The Times informs. Eight states are currently negotiating to takeover transports and deposits of the waste: Romania, Bulgaria, Holland, Italy, Poland, Slovakia, Lithuania and Slovenia.A new meeting between the eight states is scheduled for may. The British publication announces that the projects ...
300 million lei net profit for Transgaz in 2009
Thursday, February 18, 2010
The National Gas Transport Company Transgaz Medias registered in 2009 a net profit of 298.068 million lei (around 70 million euros), 25 percent higher than the one in the previous year, according to the estimated financial information sent to the Bucharest Stock Exchange.The company's turnover went up from 1.12 billion lei in 2008 to 1.187 billion lei last year (plus six percent), while revenues increased by 7 percent, to 1.258 billion lei.The expenditure also posted a slight ...
Ministry of Culture: Better options than mining can be found for Rosia Montana
Thursday, February 18, 2010
Minister of Culture Hunor Kelemen thinks that the issues related to Rosia Montana can found another solution than mining, both on medium and long-term, similarly or even more profitable.'This is a very vast and important subject. As regards my stance, I have said and I reiterated, I think that for Rosia Montana and everything it means Rosia Montana another option might be feasible both on medium and long-term, similarly or even more profitable than mining. One option could be a tourist ...