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Hungary’s MOL likely to purchase ENI’s Czech, Slovak, Romanian units

Hungarian oil and gas group MOL declared it had decided to purchase Eni's Czech, Slovak and Romanian units, counting as well 208 filling stations, with the aim to expand market share, mainly in the Czech retail market.

read more... 08/05/2014


Romanian PM: No shale gas production in the next 5 years

Despite the fact that Romanian shale gas sector is its early stages, with the American oil giant Chevron having started the exploration of shale gas, Romanian Prime Minster Victor Ponta declared on Thursday that Romania will not exploit shale gas at least in the next five years.

read more... 30/04/2014


Romania intends to exempt large industrials from renewable energy costs

Large industrial energy consumers in Romania might be exempted from paying about 85 percent of their green energy costs for 10 years, as stated on Thursday by the economy ministry, wishing to avoid the risk of job cuts in an election year.

read more... 18/04/2014


CEZ: funds’ interest for Romanian wind park

A stake of 1.1 billion euro ($1.5 billion) in Czech utility CEZ's wind park in southeastern Romania attracts more than one pension fund, according to CEZ board member on Thursday.

read more... 04/04/2014


Romania: limits on green energy allowances to support huge industrial companies

Romania's government limited the quantity of renewable energy that big industrial users should purchase this year with the aim to aid compensate their high energy costs and hold off the risk of job reductions before elections later this year.

read more... 27/03/2014