News

Iasi-Ungheni-Chisinau gas pipeline will be completed by the end of 2018 – Romania, 27 July 2107

Moldovan Prime Minister Pavel Filip said after the meeting with his Romanian counterpart Mihai Tudose that the construction of Iasi-Ungheni-Chisinau gas pipeline will be completed by the end of 2018. PM Filip said that the project for the construction of gas pipeline is about independence and security, more precisely the energy security of Moldova, and […]

CEFC’s takeover of 51 % stake in KMG International approved – Romania, 27 July 2017

KMG International announced that the Romanian authorities have approved the transaction concluded in late 2016 between Kazakh company KazMunayGas, the sole owner of KMG International, and China Energy Company Limited (CEFC) through which CEFC will acquire 51 % stake in KMG International. According to the statement, KMG International thus becomes a development platform of a […]

Mandate of Hidroelectrica’s Supervisory Board to be extended by additional 4 months – Romania, 27 July 2017

Romanian Ministry of Energy proposed to extend the mandate of Supervisory Board of electricity producer Hidroelectrica for another four months. The shareholders will vote on this proposal at the next meeting scheduled for 3 August. However, private investment fund Fondul Proprietatea (FP) opposes the proposed extension and expresses its indignation and surprise regarding the proposal […]