News

Romgaz determined to complete TPP Iernut gas unit in 2021 – Romania, 14 April 2021

CEO of Romanian natural gas producer Romgaz Aristotel Marius Jude said that is determined to complete the project for the construction of a natural gas-fired unit at TPP Iernut in 2021, even on its own, if it proves that contracted consortium is unable to complete the job. Jude dismissed media re Full article available for […]

KMGI seeks higher dividends from Rompetrol Well Services – Romania, 14 April 2021

Kazakh KMG International Group (KMGI), which owns Romanian largest oil refiner Rompetrol Rafinare, has asked its subsidiary Rompetrol Well Services (PTR) to distribute higher dividend for 2020, by including some of the reserves in the payout. KMGI, which holds 73 % stake in the company, wants to Full article available for subscribers of Energy NEWS […]

Hidroelectrica awarded 3.4 million euros in compensation from Andritz Hydro – Romania, 14 April 2021

According to the court ruling, the largest Romanian electricity producer Hidroelectrica has been awarded 3.4 million euros in compensation from Andritz Hydro. The compensation is related to large refurbishment contract for HPP Iron Gates I on the Danube river, but the awarded compensation represe Full article available for subscribers of Energy NEWS service (PDF publications, […]