Latest news
Romania – future joint member of South Stream gas pipeline project
Gazprom will keep financing the South Stream gas pipeline project, which has to be ready until 2015, according to Gazprom Chief Executive Alexei Miller.
read more... 14/10/2010
Romania attracts wind investors.
Bucharest made its renewable energy a priority hoping to meet EU carbon emission targets, by having 20 percent of its power coming from renewable energy.
read more... 08/10/2010
Hungary joins AGRI LNG Interconnector gas supply project
Hungary has signed an agreement with Azerbaijan, Romania and Georgia to join the Azerbaijan-Georgia-Romania Interconnector (AGRI) project, which would help diversify energy supply as the Hungarian government said on Tuesday.
read more... 15/09/2010
Hidroelectrica will invest 3 billion Euros over the next 7 years
Romanian hydropower company Hidroelectrica will invest 3 billion Euros over the next seven years in building 50 new units and upgrading several current ones.
read more... 10/09/2010
Exploration assets sold by Petrom in Russia
The major oil and gas group in Romania, Petrom, owned mostly by Austrian OMV, sold 75% of exploration assets in Ring Oil to its minority partner Mineral and Bio Oil Fuels Limited in Russia, since it focuses mainly on the Romanian and Kazakh activities. The total value of the transaction was not disclosed.
read more... 07/09/2010