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Energy & Environment
Econ Min Sees All Romanian Localities Connected To Electricity Network By 2012
Thursday, January 7, 2010
Economy Minister Adriean Videanu said Wednesday that he wants all localities in Romania to be connected to the electricity distribution network by 2012, a target that should have been reached since 2006, according to authorities' plans."We want to use Electrica's resources and, together with the Ministry of Administration and Interior, to extend the electrification process so that the whole of Romania would be connected to electric power networks in 2012," Videanu said.He said he ...
Romania's Petrom buys firm in Kazakhstan
Thursday, January 7, 2010
Romania's top oil group Petrom SNPP.BX has bought Korned LLP, a firm that owns an exploration licence of an oil field neighbouring one of Petrom's in Kazakhstan for an undisclosed price, the firm said on Wednesday. Petrom, which is 51 percent-owned by Austria's OMV (OMVV.VI), entered Kazakhstan in 1998, and owns exploration and production licences for five oil fields. Korned's licence includes the untapped oil field of Kultuk, near Petrom's Komsomolskoe field, the firm said in a ...
Electrica estimates more than 1.1 billion euros in turnover in end-2009
Thursday, January 7, 2010
The state-owned Electrica, which is one of the most important players on the electricity supply and distribution market, estimates 4.8 billion lei in 2009 turnover (1.14 billion euros), that is a slump by 17 percent on 2008, and also foresees a higher level for next year, when an energy consumption recovery is expected.'For 2009, Electrica estimates 4.8 billion lei in turnover and a gross result of 0.3 billion lei (71.4 million euros)', according to company representatives, as ...
Romania’s Defense Council To Discuss Rosia Montana Gold Mining Project Based On Expertise
Thursday, January 7, 2010
Romanian President Traian Basescu said on OTV the country’s High Council for Defense (CSAT), which he heads, will discuss the gold mining project Rosia Montana when an expertise on it is ready."I'm waiting for the results of the expertise. Anyhow, I won't be making this decision myself. The matter will be discussed in the Defense Council, based on the expertise," Basescu said. Romania's government will lobby at the European Commission to approve the unfolding of the gold ...
Romania moves closer to ratifying Nabucco
Thursday, January 7, 2010
Southeastern Europe's proposed natural gas pipeline moved a step closer to reality after the Romanian president signed a decree allowing parliament to ratify construction. The intergovernmental agreement on the Nabucco project was signed by the prime ministers of Turkey, Romania, Bulgaria, Hungary and Austria in Ankara in July. The Romanian government also tabled the bill in Parliament, as have the governments of the other signatory countries, a report by the Romanian national news agency ...
Siveco wins contract up to 24 mln euros with Nuclearelectrica
Thursday, January 7, 2010
Siveco Romania is to provide Nuclearelectrica National Company added software licenses and technical support services, as well as the introduction of some IT management modules for the electricity producer, the value of the contract including VAT rising to 99.4 million lei (23.6 million euros), Ziarul financiar daily reads.The contract was assigned in the second part of Nov. 2099 within a negotiation without a participation announcement. Siveco Romania was the sole ...
Romanian Transelectrica Hikes Power Transport Tariff By 5.4%
Thursday, January 7, 2010
Romania’s state-owned power grid operator Transelectrica (TEL.RO) raised, on January 1, the average tariff for electric power transport service by 5.4%, from 16.13 lei (EUR1=RON4.2265) per MWh to RON17MWh, the company said Monday. According to the company, Romania's Energy Regulatory Authority ANRE approved the tariff increase, as well as the 3% hike of the system service tariff, at RON20.68 MWh. On the other hand, the fee for the services provided by Romanian power exchange Opcom remained ...
Romanian ELCEN Hikes Heating Tariffs By Up To 10% In Bucharest, Constanta
Thursday, January 7, 2010
Romanian thermal power producer ELCEN rose the heating tariffs in the capital city Bucharest and the southeastern city of Constanta by 9% and 10%, respectively, as of January 1, following a decision of the country’s energy watchdog ANRE adopted at the end of last year.The new tariffs cover the current costs, but still remain past losses of over 550 million lei (EUR1=RON4.2265)," the company's commercial manager Irina Duica told MEDIAFAX Monday. Thus, the thermal power price was raised in ...
Petrom raises fuel retail prices
Thursday, January 7, 2010
Oil and gas company Petrom, held by Austrian-based OMV Group has raised the reference fuel prices by 0.06 leiliter following the increase in international fuel quotes. The reference price for Premium gasoline is now 4.04 leiliter, for Top Premium 99+ is 4.41leiliter while and OMV Carrera 95 is 4.18 leiliter, while for OMV Carrera 100 is 4.81 lieliter. Top Nordic Diesel costs 3.97 leiliter, OMV Sprint Diesel 4.01leiliter, while OMV Alpin Diesel is 4.30leiliter. Euro Diesel 5 is now quoted at ...
Petrom shuts down Doljchim Chemical Works, lays off 1,000
Thursday, December 24, 2009
Oil and gas company Petrom, held by Austrian-based OMV said it would permanently close its Doljchim Chemical Works plant by end-2010, after its decision to divest chemicals and petrochemicals operations. The shutdown will affect the 1,000 workers at the plant.“As we announced earlier, we will exit chemicals and petrochemicals segments by the end of next year. Our half-year long negotiations with potential buyers have failed, and eventually we decided to permanently shut down the ...
MOL Romania names new country manager
Thursday, December 24, 2009
Zsolt Szalay stepped down as the CEO of MOL Romania, after four years in the job, in order to pursue other career in the Hungarian-based oil company. Szabolcs Ferencz, former spokesperson of the group has been nominated to replace Szalay.“Expats don’t have a term longer than 3-4 years at MOL, and I have been in the job for four years”, Szalay commented.He added that the greatest achievement during his term was the integration of MOL filling stations, acquired in 2004. The Dutch-based oil ...
Romania’s Petrom plans 1b euro capital hike: source
Thursday, December 24, 2009
Romanian oil group Petrom, which is 51 percent-owned by Austria’s OMV, plans a share issue which might be worth 1 billion euros ($1.44 billion), a government source said on Friday. “(Petrom’s) capital hike might amount to some 1 billion euros,” one government source told Reuters, adding the government was willing to participate. The economy ministry owns 20.6 percent of Petrom and a 20.1 percent stake is owned by Fondul Proprietatea, a fund set up by the state to compensate ...
Oil imports drop by round 20 pct till Oct.
Thursday, December 24, 2009
Romania imported 5.706 million tonnes of oil equivalent (toe), over the first ten months of this year, by 1.419 million toe (19.9 percent) less than over the same time span of 2008, read National Statistics Institute (INS) data.The crude production amounted to 3.5 million toe, over Jan-Oct, by 5.5 percent (202,900 toe) higher than in the similar period of 2007. ...
Romania imports 1.288 mln toe of natural gas in 10 months
Thursday, December 24, 2009
Romania imported 1.288 million tonnes of oil equivalent of usable natural gas in the ten months of this year, by 61.8 percent (2.083 million toe) less than in the same period in the prior year, show figures centralised by the National Institute of Statistics.The domestic natural gas production totalled 7.252 million toe Jan. to Oct., by 5.4 percent (417,600 toe) lower on the ten months of 2008. ...
Commodity Exchange trade greenhouse gas emissions securities
Thursday, December 24, 2009
The Sibiu Monetary Financial and Commodities Exchange (BMFMS) launched starting this Monday the futures contract having as an active support the greenhouse gas emission securities (EGES) having CO2 RON 2008-2012 as a symbol, BMFMS release informs. The contract numbers 100 EGES and the transaction step is worth 0.01 lei (1 leu per contract). The contracts are repayable every day. The contract initiated at the beginning of each transaction is due back on the same day. The single ...
Government considers setting up natural gas futures exchange
Thursday, December 24, 2009
The new Government plans to set up a trading platform for electricity futures following the OPCOM model and to adopt the new EU rules to open electricity and natural gas markets.OPCOM is the Electricity Futures Operator in Romania and serves as administrator of electricity market, by providing a framework for commodity transactions in the electricity market.In line with the 2009-12 government plan, the Executive will put in place a national program to raise public awareness on consumers’ ...
Natural gas consumption reaches 105.799mln MWh in Oct.
Thursday, December 24, 2009
Romania's natural gas consumption amounted to 105.799 million megawatt per hour (MWh) over the first ten months of the year, with the highest at 17.578 million MWh recorded in Jan., and the lowest - 6.384 million MWh, in June, Romanian Energy Regulatory Authority data say. The domestic natural gas production for consumption accounted for 93.81 percent of the total sources, the first two suppliers Romgaz and Petrom covering 97.4 percent of it, in Oct. 2009.The imported natural gas ...
Rep. of Moldova, a priority in Romania's energy interconnection projects
Thursday, December 24, 2009
The Republic of Moldova is a priority for Romania as far as gas grid interconnection plans with neighboring countries are concerned, Adriean Videanu on Tuesday told the joint parliamentary committees during the hearings on his appointment as Minister of Economy, Trade and Business environment.'Parliament is about to ratify the memorandum with the Republic of Moldova. The Suceava - Balti interconnection pipeline needs to be completed, including a natural gas project. Moldova thus ...
Adriean Videanu Wants Rosia Montana Gold Mining Proj Renegotiated
Thursday, December 24, 2009
Romania’s Economy Minister-designate Adriean Videanu said Tuesday during hearings on parliament committees that he wants to renegotiate Romania’s stake in the gold mining project in Rosia Montana, western Romania."The plan is to renegotiate Romania's stake in this projects as soon as things progress. I won't be able to guarantee a certain percentage but I want this renegotiation for the benefit of the Romanian state and the state should have a say in this project's development," Videanu told ...
Vestas receives 140 MW order for Bulgaria and Romania
Thursday, December 24, 2009
Vestas has received an order for delivery of 50 V100-1.8 MW and 25 V90-2.0 MW wind turbines for Bulgaria and Romania. The order has been placed by Global Wind Power.Vestas has received an order for delivery of 50 V100-1.8 MW and 25 V90-2.0 MW wind turbines for Bulgaria and Romania. The order has been placed by Global Wind Power, and the contract includes delivery, installation and commissioning of the wind turbines, a VestasOnline® Business SCADA solution as well as a 5 year-service ...