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Tag Archives: exploitation

OMV promises EUR 1 bln investment in Romania. What’s the condition?

OMV announced that EUR 1 billion investment is in store in Romania if the country sets up an acceptable regulatory framework for the company’s exploitation project on the Black Sea. Soon after this framework is adopted, the Austria-based gas company ...

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Italian Interior minister summons Romania and Bulgaria to take actions to restrict migration of ‘slaves’ in Italy

Matteo Salvini, Italy’s deputy PM and Interior Minister, also Federal Secretary of Northern League, has accused Romania and Bulgaria that they are sending “slaves” to Western Europe, while calling the two countries to restrict the human trafficking and exploitation cases. ...

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Romania wins lawsuit against Chevron, which should pay damages of USD 73m. Ruling not final

Romania has won the lawsuit against Chevron, and the US giant should pay damages of USD 73 million to the National Agency for Mineral Resources (ANRM) following the annulment of three oil concession agreements without complying with the financial obligations ...

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The new Ponta Gov’t gets the Parliament’s green light

The new Ponta Government got the Parliament’s green light on Monday night, with 377 votes in favour and 134 against, while 12 voted were invalidated. Along with the Social Democrat, Progressive and Conservative lawmakers, MPs belonging to the Democrat Magyar ...

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Strategy: Investments of EUR 100 bn in Romanian energy sector during 2015-2035

The required investments in Romanian energy sector for 2015-2035 period are estimated at about EUR 100 billion, according to the National Energy Strategy (SEN) launched Friday evening for public debate by the Department for Energy. “To attract new investment in ...

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