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Tag Archives: petroleum products

Rompetrol plans investments of almost USD 57 M this year for Petromidia, Vega refineries and petrochemicals

  Rompetrol Rafinare, a company controlled by state-owned Kazakh group KazMunayGas, has planned investments of USD 56.9 million this year in the Petromidia and Vega refineries and petrochemicals, according to the plans to be approved in the Ordinary and Extraordinary ...

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Tiriac Energy to launch the first franchise fuel stations

Tiriac Energy, the Tiriac Group’s energy division, will officially open next week the first four franchise fuel stations, following an investment of EUR 200,000, a press release informs. The company plans to rebrand several independent gas stations and wants to ...

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OMV Petrom posts RON 618m net profit in Q1

OMV Petrom Group has posted a RON 618 million net profit in the first quarter of 2017, up twofold (114%) against the results reported in the similar period last year of RON 288 million, the financial results released on Thursday ...

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EC requests Romania to fully comply with the Oil Stocks Directive

The European Commission (EC) formally requested Romania on Thursday to ensure the correct implementation and application of the Oil Stocks Directive (Council Directive 2009/119/EC), the press release informs. The EU rules impose an obligation on Member States to maintain minimum ...

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CNP: Romania’s oil output to increase in the coming years, so will imports

After three years of decline, Romania’s oil production will increase as of 2017, according to the latest forecast of energy balance, drafted by the National Commission for Economic Forecasting (CNP). Romania’s oil production fell by 1.9 percent in 2014, then ...

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OMV Petrom to pay over RON 31 M to Oil Terminal

OMV Petrom will pay this year RON 31.5 million to Oil Terminal SA, one of the largest terminal in Southeastern Europe, for services supplies and dispatch for petroleum products, from the port of Constanta, according to data submitted to the ...

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