Latest news

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

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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

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Alerion to build new wind farm in Romania

Alerion, an Italian renewable energy company, based in Milan, obtained its first full authorization for the construction of a wind farm in Romania. Authorization was received through its Romanian subsidiary Compania Eoliana SA.

read more... 07/09/2010

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The Romanian power production declining by 2.8 % in the first half of 2010

The Romanian power output declined 2.8 % in the first semester of 2010.

read more... 09/08/2010

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Lufkin to build its first plant in Romania

Lufkin, an American oilfield and power transmission products supplier, announced its intention to build a production plant near Romanian oil center, Ploiesti.

read more... 14/07/2010

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