Latest news

Exxon and Petrom will have to invest $4-5 billion if gas discovery in the Black Sea is confirmed

Romania's major oil and gas conglomerate Petrom and U.S. top oil company ExxonMobil will have to invest $4-5 billion in the extraction of gas from a Black Sea field, in case additional data confirms their discovery, according to the statement made by President Traian Basescu on Wednesday.

read more... 04/09/2014


Romanian, Polish futures contracts to be launched by Prague power bourse

On September 1, Polish and Romanian futures contracts will be launched by the Power Exchange Central Europe in a move designed at increasing liquidity and turning into a regional trading centre for central and southeastern Europe.

read more... 26/08/2014


Candu Energy to collaborate with Chinese company on Romanian reactors

Canada's Candu Energy declared on Friday it will assist China Nuclear Power Engineering Company (CNPEC) in the construction of two nuclear reactors in European Union state Romania if and when the Chinese company comes to a decision to invest there.

read more... 28/07/2014


Romania: Transelectrica plans to invest 5.3 billion lei by 2023

Romanian state-owned power grid operator Transelectrica intends to make an investment of 5.3 billion lei ($1.65 billion) to improve its power network by 2023, as stated by the company on Thursday.

read more... 04/07/2014


Romania: cogeneration tax to be cut by approximately half as of July

Romania's energy regulator ANRE will reduce the tax for cogeneration, or combined heat and power, by approximately half, attaining 0.00996 lei per kilowatt from July, according to a statement on Monday.

read more... 01/07/2014