Tag: investment

Electricity distributors to invest 335 million euros in 2019 – Romania, 12 February 2019

The press release from the Romanian National Regulatory Authority for Energy (ANRE) said that electricity distribution operators will invest over 335 million euros in 2019. The release from ANRE specifies that in the application of the regulatory framework, which established firm obligations for Full article available for subscribers of Energy NEWS service (PDF publications, energy […]

SOCAR is not planning to expand its fuel network in Turkey – Turkey, 08 February 2019

Director General of SOCAR Turkey, local subsidiary of the State Oil Company of Azerbaijan, Zaur Gahramanov said that the company does not plan to expand its fuel network in Turkey in the near future. In response to media reports that SOCAR Turkey plans to acquire a company which operates between Full article available for subscribers […]

OMV Petrom recorded 876 million euros net profit in 2018 – Romania, 06 February 2019

The largest Romanian oil and gas company OMV Petrom recorded a net profit of 876 million euros in 2018, which is by 64 % more compared to 2017, making this one of its best years ever in terms of results. The group’s sales increased by 16 % compared to the previous year and reached 4.84 […]