Ministry of Energy

ExxonMobil, involved in the Neptun Deep offshore project in the Black Sea together with OMV Petrom, is looking for a new partner, Government representatives say, quoted by some sources. The intention seems surprising, considering the US…

Romania has won the lawsuit against Alpiq AG Switzerland at the international arbitration tribunal in Washington DC, as it rejected the financial claims to the Romanian state, of about USD 450 million, for denouncing the energy…

At the proposal of the Ministry of Energy, the Romanian Government adopted on Wednesday a Draft Emergency Ordinance, stating that the power plants of the Hunedoara Energy Complex (CEH) will have to provide 400 MW-system services in the next…

Natural gas could become scarce in the event of a hard winter and some industrial consumers will have to be cut off from supply to ensure the priority for the population, but the government does not have an emergency plan for this winter,…

Fondul Proprietatea (FP) analyses the sale of its stake in Hidroelectrica, which currently holds 19.94 percent, according to an announcement sent to Bucharest Stock Exchange (BVB). ”Our review is in its early stages and there is no…

Romania will be the host of this year’s Central and South-Eastern European Gas Connectivity (CESEC), during September 27-28, according to a draft government decision initiated by the Ministry of Energy. ”In order to accelerate the…

In the next four months, the Ministry of Energy (ME) will start the recruitment procedures of professional managers, based on GEO 109/2011 on corporate governance in state-owned companies, a press release informs. Thus, the ministry…

Fondul Proprietatea (FP) officials are disappointed that the Ministry of Energy chose to propose yet another interim Board at Hidroelectrica, a press release informs. “What Hidroelectrica needs, as the most valuable Romanian company, is…

Romanian Ministry of Energy has issued the construction authorization for the gas pipeline from Bulgaria to Austria, via Romania and Hungary (BRUA), a press release informs. BRUA project has been blocked at the taking office by the new…

Hunedoara Energy Complex (CEH), which manages four coal mines in the Jiu Valley and two thermal power plants, Mintia and Paroseni, will receive this year a state aid of about RON 200 million, according to a draft law initiated by the…