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Tag Archives: romgaz

Competition Council conducts investigations on Romgaz and OMV Petrom

The Competition Council (CC) has initiated an investigation to check the conditions for gas delivery by Romgaz and OMV Petrom to their own energy producing plants, the institution informs on its website. “Within the investigation started in February, the Competition ...

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Romgaz loses lawsuit against Court of Auditors, will pay damages worth RON 200m. Bonuses to be recovered from former managers

Romgaz has announced losing the lawsuit against the Court of Auditors, following the decicions made by the Alba Iulia Court of Appeals. The court’s decision refers to checks conducted by the Sibiu Court of Auditors at Romgaz in 2016. Following ...

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Romgaz eyes cooperation with SOCAR for the exploitation of Black Sea gas

The representatives of the gas company Romgaz and the Azeri company SOCAR have recently discussed the possibility of cooperation on large projects. Romgaz intends to expand its operations on foreign markets. On the other hand, SOCAR has expressed its interest ...

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Second day of chaos on BVB, amplified by news that GEO on fiscal measures is on the Gov’t sitting agenda

The Bucharest Stock Exchange is again in chaos, on Thursday, after a slight recovery in the first ten minutes of transactions. At 13:00h, immediately after the announcement that the Government ordinance that introduces new fiscal measures targeting, in particular, the ...

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Oil companies involved in Black Sea explorations criticize Offshore Law, say it affects stability and free market principles

The law voted by the Chamber of Deputies on October 24 affects the principle of stability, provides new taxes and sets conditions to the companies regarding the way they would sell the output, the Romanian Association of Offshore Concessionaires in ...

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Bucharest Stock Exchange closes on the red on Thursday, following the fall of the US and Asian markets

BET (Bucharest Exchange Trading), the main index of the Bucharest Stock Exchange (BVB), which reflects the evolution of the most traded companies on the BVB regulated market, excluding financial investment companies (SIFs), decreased by 1.01%  on Thursday against Wednesday, down ...

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Fondul Proprietatea: Gas price capping breaks local and EU legislation, jeopardizes investments, Romania’s future gas independence

Fondul Proprietatea (Property Fund) has reacted to the recent announcement by the Finance Ministry regarding the intention to cap the gas price at RON 55/Mwh for the domestic production until June 30, 2021. In a release on Friday, the fund ...

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Capping of gas price: Romgaz and OMV Petrom shares fall. ROPEPCA warns gas imports will grow. ANRE to increase tariff by 5.83pc

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 ...

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