Petroleum
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Kazakh petroleum revives Petrom's “black gold” production
Petrom, Romania's largest company, the only petroleum and gas producer in Romania, saw a rebound of its hydrocarbon production in the last three months of last year, but did not manage to extract a similar level to that recorded in the fourth quarter of 2008.
Petrom puts five motels with 77 rooms up for sale
Petrom, the largest company on the Romanian market, which deals in petroleum and gas, is continuing the process of outsourcing its non-core assets, by putting up for sale five motels that cu...
Petrom sees profit rebound in third quarter
Petrom, the biggest local company, posted 615 million RON (145.5 million euros) in net profit in the third quarter of the year, down 2% compared with the same time of last year, but 47.5% hi...
Upetrom 1 Mai Ploiesti slashes 600 jobs
Upetrom 1 Mai Ploiesti, a company specialising in supplying equipment and services for the petroleum and gas industry, controlled by Constanta-based businesman Gabriel Comanescu, will let ar...
What Romania stands to gain from its 45bn-euro petroleum reserves
The tripling of crude oil prices over the last few years to 130 dollars a barrel has brought Romania's reserves to around 550 million barrels of petroleum, all of them operated by Petrom to...
Petroleum market to reach 6.8bn euros this year
Petroleum product consumption is set to rise by around 7% this year against 2007 on rising car fleet and expansion plans announced by the main players. Translated into money, the difference...
Regal Petroleum abandons hydrocarbon well in Romania
UK-based petroleum and gas company Regal Petroleum has given up one of the oil fields for which it holds an exploration licence in Barlad, Vaslui county, after drilling showed hydrocarbon re...
Regal Petroleum a renuntat la explotarea unui zacamant pentru ca nu a gasit hidrocarburi
Compania britanica de petrol si gaze Regal Petroleum a renuntat la unul dintre zacamintele pentru care detine licenta de explorare in Barlad, judetul Vaslui, dupa ce activitatile de foraj au...
Regal Petroleum spune ca a descoperit rezerve de gaze la Barlad
Compania britanica Regal Petroleum, prezenta pe piata locala prin mai multe participatii in cadrul unor proiecte de exploare, a anuntat gasirea unor rezerve de gaze in perimetrul Barlad, al...