natural gas
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Romgaz makes around 50% higher profit amid lower sales
Romgaz Mediaș, the only natural gas producer controlled by the Romanian state, posted an over 70 million-euro net profit in the first three months of the year, a significant rise against the similar period of 2010, although the company’s production and sales f...
Top three most profitable shares in the past year
Shares of natural gas pipelines manufacturer Condmag Brasov (COMI) saw by far the highest rise of the last year on the stock market, by 600%, whilst Condmag's parent company, Dafora Medias (...
Romgaz invests 285m euros to identify new reserves
Romgaz Medias, Romania's state-held natural gas producer, says it has budgeted 1.2 billion RON (285 million euros) for investments for 2010, around 40% more than in 2009, with the bulk of th...
Energy players: Stagnation is the best-case scenario this year
Electricity, natural gas and fuel consumption was seriously dented last year, after years of growth that overlapped with the positive upward trend of the entire economy.
Germany's E.ON asks for stability to continue investments
E.ON Romania, a group specialised in electricity and natural gas supply and distribution, says that to continue its investments the company primarily needs a fair regulation framework and a...
WIEE Romania makes 400m euros with 7 employees
WIEE Romania, which specialises in trading natural gas, held by WIEE, a Switzerland-based Gazprom and Wintershall joint venture, posted a 388 million-euro turnover last year, up 84% against...
Distrigaz Sud closer to one billion-euro revenues
Distrigaz Sud, one of the main natural gas supplying companies in Romania, posted 3.65 billion RON (992.4 million euro) turnover last year, an increase of 13.6% compared with 2007.
EGL has 160m-euro projects on energy generation market
EGL Gas & Power Romania, one of the leading energy and natural gas traders, with turnover worth 85 million euros last year, says it has projects worth 160 million euros under development.