petroleum

JT Grup Oil, a company active in the fuel distribution market and the developer of the newest private terminal for petroleum products in Romania in the port of Constanța, debuted today, August 6, on the AeRO market of the Bucharest Stock…

After reaching a record high of 96.78% in 2020, the import dependency for the entire family of crude oil and petroleum products declined to 91.67% in 2021, according to a Eurostat report. This value is the second lowest since 1990, after…

A new study from BusinessFinancing.co.uk used CEPII's BACI International Trade Database to map out each country's top imports and exports and revealed that two-fifths (39.5%) of European countries count petroleum as their top export (17 out…

The 13th CEE Top 500 study provides an insight into the future and summarizes the region’s economic activity for the previous year. Moreover, it describes the condition of the 500 largest companies in CEE by their turnover. This edition…

The Senate plenary has adopted on Monday the offshore draft bill with the amendments proposed on the same day by the PSD and ALDE representatives in the parliamentary committees. The draft law was adopted with 81 votes for, 9 against and…

Foreign Minister, Teodor Melescanu, has said on Saturday that the US Energy Secretary, Rick Perry, asked the Romanian ambassador in Washington DC, George Maior, that the Romanian authorities assure the concordance between the offshore bill…

The shares of gas companies Romgaz and OMV Petrom fell on Thursday on the Bucharest Stock Exchange (BVB) after the Ministry of Finance has put for public debate a draft Government Decision that envisages cutting the gas price to RON 55/MWh…

The transaction between NC KazMunayGas (KMG) and China Energy Company Limited (CEFC) has received the approval of Romanian authorities, KazMunayGas International has informed on Thursday in a press release. According to the source, the…

Romania would have had to pay USD 3.5 billion last year if it had been forced to import the equivalent of domestic oil and gas production, Harald Kraft, president of the Romanian Petroleum Exploration and Production Companies Association…

The government envisages for 2017 a new system of taxation in the oil sector, applicable to all holders of petroleum agreements by distinct taxation of onshore and offshore segments, for exploration and production, the National Convergence…