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Energy & Environment
OMV Petrom's 2022 contribution to state budget in direct and indirect taxes, by 7 bln RON higher
Thursday, February 9, 2023
The contribution of energy company OMV Petrom to Romania's state budget increased last year by 7 billion RON from 12 billion RON in 2021 to over 19 billion RON, while the industry-specific tax topped 7.3 billion RON, shows data presented on Thursday in a press conference by the company's CFO Alina Popa."In 2022 we had record contributions to Romania's state budget, in amount of 20 billion RON, while our net profit stood at 10 billion RON. Direct taxes and ...
OMV Petrom’s Cristina Verchere: We are closer than ever to the start of Neptun Deep project
Thursday, February 9, 2023
The final investment decision regarding the Neptun Deep project will be made in the middle of 2023 and we are closer than ever to the start of this project, said, on Thursday, in a press conference, the managing director of OMV Petrom, Cristina Verchere."Romania has been producing oil and gas from onshore lands for over 150 years, and the decline (of production, ed. n.) can no longer be compensated by onshore deposits. Therefore, the Black Sea is the answer for ...
OMV Petrom ends 2022 with 10.3 B RON in profit
Thursday, February 9, 2023
In 2022, the OMV Petrom Group recorded a net profit of 10.3 billion lei, 260% higher compared to the previous year, according to the unaudited financial results submitted to the Bucharest Stock Exchange on Thursday."The year 2022 was an unprecedented year for the energy industry, with energy supply difficulties, record international prices and fiscal volatility. Our results reflect this market environment and operational performance: diversification of energy ...
Razvan Popescu (Romgaz): I don’t see any long term problem in financing the Neptun Deep project
Thursday, February 2, 2023
Romgaz will need a mix of financing for the Neptun Deep project, but this must be chosen with much care and it will not be a long term problem due the dominant position of the company on the Romanian market, stated the Romgaz general manager, Razvan Popescu at a conference regarding the market for mergers and acquisitions.He said that at present, Romgaz and OMV Petrom estimate, in total, ...
Arctech Empowers Romania Solar Development With 91.55 MW SkySmart II Tracking Solution
Thursday, February 2, 2023
Arctech, the world’s leading tracking, racking, and BIPV solutions provider announced it has inked a deal to supply a 91.55 MW SkySmart II solar tracking solution in Romania, marking its another milestone in the European market, https://solarquarter.com/ ...
Eleven companies interested in buying first new Black Sea offshore gas exploitation
Thursday, February 2, 2023
There is high interest in the first new Black Sea offshore gas exploitation, by which the American company Carlyle, the biggest private equity stock administrator in the world and EBRD, stock holders of Black Sea Oil & Gas (BSOG) have in view the association with a third party or even sales Proft.ro writes. Profit.ro announced in November, that Carlyle investment fund and EBRD had requested Romanian ...
Energy regulatory authorities in Romania and Moldova sign action plan for 2023
Thursday, February 2, 2023
An official delegation of the National Energy Regulatory Authority (ANRE), led by the chairman of the institution, Dumitru Chirita, paid a working visit to the National Agency for Energy Regulation of the Republic of Moldova in Chisinau, between January 26-28, 2023, on which occasion Dumitru Chirita and his Moldovan counterpart Veaceslav Untila, general director, signed the Action Plan for the year 2023 between the two institutions in accordance with the Cooperation and ...
Energy regulator approves payment of 10.8 billion RON to energy suppliers
Thursday, February 2, 2023
The National Energy Regulatory Authority (ANRE) verified and sent for settlement from the state budget, for energy suppliers, according to the government emergency ordinances 118/2021 and 27/2022, an amount of over 10.8 billion RON, ANRE informs in a statement.Thus, regarding OUG 118/2021 (November 2021 - March 2022), 80 companies submitted 345 applications, of which 288 were approved, 55 being considered ineligible. The amount sent to the Ministry of Energy ...
The planned budget for photovoltaic panels, 3 billion RON, will be able to finance 150,000 projects
Thursday, February 2, 2023
The minister of the Environment, Barna Tanczos, said that the planned budget for photovoltaic panels in 2023 is three billion RON, money with which more than 150,000 projects can be financed.According to Barna Tanczos, in Romania there are over three million houses registered at the Cadastre ...
Transelectrica, Rep. of Moldova officials discuss OPCOM expansion
Thursday, February 2, 2023
Representatives of National Power Grid Company Transelectrica and Republic of Moldova officials discussed on January 26 in Bucharest the expansion of Romania's electricity and gas market operator OPCOM to the Moldovan electricity market, Transelectrica informs.The official delegation from the Republic of Moldova, headed by Deputy Prime Minister and Minister of Infrastructure and Regional Development Andrei Spinu visited the energy company to discuss ...
The Chairman of the Management Board of KazMunayGas, visit to Petromidia industrial platform
Thursday, February 2, 2023
The Chairman of the Management Board of KazMunayGas (KMG), Magzum Myrzagaliyev, has paid today an official visit to the Petromidia refinery and the site of the cogeneration plant located near the production unit in ...
Romania is exploring geothermal waters at 24 locations
Thursday, February 2, 2023
Romania is third or fourth in Europe in geothermal energy potential. Exploration is currently being conducted at 24 sites, https://balkangreenenergynews.com/ reads. Drilling and development of geothermal heating projects ...
Romania and Bulgaria agree to build two hydropower plants on Danube
Thursday, February 2, 2023
Romania and Bulgaria have agreed to build two hydroelectric plants on the Danube, https://balkangreenenergynews.com/ reads. They should become operational within the next five to six years. Romanian Hidroelectrica will ...
EC requests Croatia, Romania and Hungary to present reports on renewable energy sources, energy efficiency
Thursday, February 2, 2023
The European Commission (EC) requested Croatia, Romania and Hungary to present the reports regarding their national objectives for 2020 regarding renewable energy sources, namely energy efficiency, a release of the community Executive shows.The Commission has sent a letter of formal notice to Croatia for failing to submit, under Regulation (EU) 2018/1999 on the Governance of the Energy Union and Climate Action, a full report on the achievement of its 2020 ...
GSP Offshore to produce the floating platform for a Black Sea wind energy pilot project
Thursday, February 2, 2023
The BLOW (Black Sea Floating Offshore Wind) project was recently launched in Brussels, involves 15 partners from 9 countries and will run from 2023-2028. The objective is to install a 5-MW demonstration system in the Black Sea, paving the way for industrial mass production and deployment of floating offshore wind farms. Specifically, offshore turbines produced by Eolink (France) and the floater produced ...
Premier Energy acquired Enex Renewable in the sector of renewable energy in Romania
Thursday, January 26, 2023
Premier Energy signed the acquistion of the wind park in Nalbant (Tulcea) owned until now by Enex SRL and becomes an important player in the sector of renewable energy in Romania with investments of 55 milion euro in 2022. According to a press release, this is the seventh transaction of Premier Energy after the six acquisitions and mergers of ...
Trangaz: Capitalization of 3.5 billion lei and dividends of 4 billion lei paid to shareholders
Thursday, January 26, 2023
The stock capitalization of SNTGN Transgaz SA grew more than twice against 2008, the year when it was listed at Bucharest Stock Exchange (BVB), reaching 3.5 billion lei at present, while the value of dividends paid to stock holders exceeded 4 billion lei. According to a company press release, published on BVB website, January 24, 2023 has a double meaning for Transgaz, as Transgaz SA became a publicly ...
Electrica Furnizare makes a project of a turnkey construction for a photovoltaic electrical unit of 0.2 MW
Thursday, January 26, 2023
Electrica Furnizare makes a project of turnkey construction of a photovoltaic electric unit of 0.2MW for Fermador in Iasi, company with 100% Romanian unit, the local leader of chicken industry. The photovoltaic solution will contribute to the reduction of CO2 emissionsby over 53 tons per year. The installation of the ...
Romania's coal production up 1.7pct in the first 11 months of 2022; imports down 16pct
Thursday, January 26, 2023
Romania's net coal production totaled, in the first 11 months of 2022, 2.828 million tons of oil equivalent (toe), 1.7pct higher (48,400 toe) than in the same period of 2021, according to data centralized by the National Institute of Statistics (INS).In the mentioned period, Romania imported 372,100 toe of net coal, with 70,900 toe (16pct) less than the amount imported the previous year in the same interval.The National Strategy and Forecasting ...
Romania's crude oil production drops by 6 pct in first 11 months of 2022, imports up 31.4 pct
Thursday, January 26, 2023
Romania's crude oil production in the first 11 months of 2022 stood at over 2.676 million tons of oil equivalent (toe), by 171,900 toe (-6%) less, compared to the same period of 2021, show figures centralized by the National Institute of Statistics (INS).Crude oil imports rose to 8.056 million toe in the first 11 months of 2022, by 1.925 million to higher (31.4%) than those recorded in the same period of the previous year.According to the ...