Energy

Veolia Romania, part of the French Veolia Group, has announced the acquisition of a majority stake in General Me.el Electric (GME), a leading Romanian company specializing in the design, execution, and maintenance of electrical systems, as well as the production and storage of solar electricity. The transaction marks an important milestone in Veolia’s local strategy, completing its service portfolio in Romania and

Romania’s sole oil and gas producer OMV Petrom has commenced construction of a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at its Petrobrazi refinery, near Ploiesti City, about 60 km from Bucharest. The project involves a total investment of €750M, with €560M dedicated to the SAF/HVO unit and €190M for two green hydrogen production facilities. The new unit will

Romanian top oil and gas group OMV Petrom, majority-controlled by Austria’s OMV, reported on Tuesday (Oct. 29) sales worth RON26.7 billion in the first nine months of 2024, down 6% on an annual basis. Net profit increased by 54% to RON3.9 billion (EUR789.6) amid the absense of solidarity tax on refined crude oil, which had burdened the prior-year period’s profit by 2.355

Bucharest-listed OMV Petrom, the largest integrated energy company in Southeast Europe, signed a contract for the purchase of natural gas with BOTAŞ, the national oil and gas company of Türkiye. The contract was signed for a period of 18 months, starting October 2023 and allows for the supply of up to 4 million cubic meters per day. “Natural gas is essential for